the price cap keeps the monthly accommodation cost below the high free-market equilibrium level M1\n- Analyzes the consequence, such as enabling vital medical staff to afford local housing, which helps resolve the hospital's recruitment shortages and maintains essential healthcare services A1","marks":4,"order":0,"markingRubric":null,"explanation":null,"options":[]}],"options":[],"explanation":null,"firstAttemptFullMarks":null},{"id":"b3668fbc-fda0-486d-9fc8-9cf525297c8b","revisionId":"781d3ecb-a2f7-47f5-a641-4a09643862db","questionNumber":null,"questionType":"LA","specification":"","difficulty":3,"difficultyBand":"medium","totalMarks":3,"sourceTitle":null,"calculatorUse":null,"parts":[{"id":"7f96746f-14df-45db-a3c2-87303248770f","label":null,"content":"Explain why introducing a maximum cap on daily childcare fees may result in excess demand for nursery places.","markscheme":"- Explains that setting a maximum cap below the market equilibrium price reduces the price of childcare, leading to an expansion in the quantity demanded by families B1\n- Explains that this lower price reduces profitability for nursery providers, leading to a contraction in the quantity supplied B1\n- Explicitly links these effects to show that since quantity demanded exceeds quantity supplied ($Q_d > Q_s$) at the capped price, excess demand (a shortage) is created B1","marks":3,"order":0,"markingRubric":null,"explanation":null,"options":[]}],"options":[],"explanation":null,"firstAttemptFullMarks":null},{"id":"c4ec3132-fec8-4d3d-9347-af69eb4da155","revisionId":"655d0430-289a-4eec-9b25-29ec4169d0e2","questionNumber":null,"questionType":"LA","specification":"$44","difficulty":3,"difficultyBand":"medium","totalMarks":5,"sourceTitle":null,"calculatorUse":null,"parts":[{"id":"42dfb940-d4e2-4a16-842c-8043678af1b0","label":null,"content":"Explain why 'direct government subsidies for public transport' (Extract A, line 6) may result in a decrease in the revenue of private taxi firms. Include a supply and demand diagram in your answer.","markscheme":"- Shows a correct initial equilibrium and a leftward shift of the demand curve to a lower equilibrium price and quantity, as shown below:\n\n![Supply and Demand Diagram](https://assets.mathsgenie.co.uk/aqa-qb/f43b2bc9-00b2-467e-b02f-3e1b99a97d49.png) M1\n- Marks the reduction in equilibrium price ($P_1 \\rightarrow P_2$) and equilibrium quantity ($Q_1 \\rightarrow Q_2$) resulting from the shift A1\n- Explains that public transport is a substitute for private taxi journeys, meaning a subsidy on public transport fares reduces its relative price and causes consumers to switch modes of transport M1\n- Explains how this change in consumer choices shifts the demand curve for private taxi journeys to the left M1\n- Defines total revenue as $TR = P \\times Q$ and explains how the fall in both market price and quantity reduces the total revenue of private taxi firms A1","marks":5,"order":0,"markingRubric":null,"explanation":null,"options":[]}],"options":[],"explanation":null,"firstAttemptFullMarks":null}],"subjectCode":"a_level_economics__edexcel_a","summaries":[{"id":"0158ecdb-7820-4e03-9454-a95c69efd301","difficultyBand":"hard","calculatorUse":null,"totalMarks":25},{"id":"1ac92fd0-f5f6-439f-bd87-3dbb1fd819dd","difficultyBand":"easy","calculatorUse":null,"totalMarks":1},{"id":"2e4c74ee-1bf3-4e31-9a36-7e791d10f684","difficultyBand":"medium","calculatorUse":null,"totalMarks":3},{"id":"332d1deb-d461-4988-9618-a41253ead4da","difficultyBand":"hard","calculatorUse":null,"totalMarks":20},{"id":"371d96f9-88a3-4f2b-86e7-b81ebd716439","difficultyBand":"hard","calculatorUse":null,"totalMarks":15},{"id":"3bf2d43b-fffd-46c5-aa89-e59ff656d5be","difficultyBand":"hard","calculatorUse":null,"totalMarks":10},{"id":"3e2ba797-aa6d-4ce9-b86e-24c1678e7b07","difficultyBand":"hard","calculatorUse":null,"totalMarks":20},{"id":"448215b5-eea4-4e92-ad02-e29730350c61","difficultyBand":"hard","calculat

1.4 Government intervention

Question 6

1.4 Government intervention Questions

1.4 Government intervention

Question 6

1.4 Government intervention Questions