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

Maximum and minimum prices — practice question

The diagram illustrates the market for wheat, including points X, Y and Z and the prices P1 and P2. If the government wants to increase the market price from P1 to P2, what quantity has it to purchase?

  • AOZ
  • BXY
  • CXZ
  • DYZ

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