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

Maximum and minimum prices — practice question

The government brings in a new transfer payment to help low-income households pay for housing. What effects will this have in the housing market?

  • Aeffect on the demand curve: a movement along demand; effect on the supply curve: a movement along supply
  • Beffect on the demand curve: a movement along demand; effect on the supply curve: a shift in supply
  • Ceffect on the demand curve: a shift in demand; effect on the supply curve: a shift in supply
  • Deffect on the demand curve: a shift in demand; effect on the supply curve: a movement along supply

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