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1.6 Market failure

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Question 1

A council pays bus operators a subsidy of £3.50 for each qualifying journey. In one month, 24,000 journeys qualify. What is the total subsidy paid for that month?

[1]
A

£6,857

B

£24,000

C

£84,000

D

£108,000

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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