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1.6 Market failure

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Question 57

A subsidy is paid for each local bus journey. Which pair of direct market effects is most likely?

[1]
A

The fare falls and the number of journeys decreases

B

The fare falls and the number of journeys increases

C

The fare rises and the number of journeys decreases

D

The fare rises and the number of journeys increases

Markscheme

1.6 Market failure Questions

  1. GCSE
  2. /Economics
  3. /1.6 Market failure

83 exam-style questions on AQA GCSE Economics 1.6 Market failure, covering 1.6.1a Market failure as misallocation of resources, 1.6.1b Government intervention, 1.6.2a Defining externalities, and 1.6.2b Positive and negative externalities. Each one has a worked solution and a mark scheme showing where the marks go.

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