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

Maximum and minimum prices — practice question

What is not a subsidy to producers?

  • Aa grant given to cover losses in an essential industry, such as the rail industry
  • Ba guaranteed minimum price paid to farmers to ensure the long run supply of food
  • Cfinancial assistance given to a pharmaceutical company to develop a new vaccine
  • Da payment made to the unemployed to allow them to buy essential goods and services

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