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

Maximum and minimum prices — practice question

Rail services are transferred from the private sector to the public sector. Which statement must be true?

  • AThe average fare charged for the service will fall.
  • BThe profitability of the service will fall.
  • CThe rail service’s management will be responsible to different owners.
  • DThere will be an increase in the number of workers employed.

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