Economics 9708 · AS & A Level · Maximum and minimum prices

Maximum and minimum prices — practice question

A government chooses to promote apple consumption after a report says that eating apples is beneficial for health. It provides a subsidy to apple growers. The diagram illustrates the market for apples. What size of subsidy would be needed to move the market equilibrium quantity from Q1 to Q2?

  • AOP1
  • BP1P2
  • CP1P3
  • DP2P3

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI