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Why might a government intervene in a market price?
A
- Protect consumers from prices judged too low.
- Protect producers from prices judged too high.
B
- Increase consumers’ costs when prices are judged too high.
- Increase producers’ revenues when prices are judged too low.
C
- Protect consumers from prices judged too stable.
- Protect producers from prices judged too variable.
D
- Protect consumers from prices judged too high.
- Protect producers from prices judged too low.
Card 1 of 20
3.1.3 controlling prices in markets Flashcards
20 flashcards on CIE Intl A Level Economics 3.1.3 controlling prices in markets: the key terms and definitions you need to recall.