DP Economics

Question SPM.1.SL.TZ0.1a

Date	May specimen first teaching 2021	Marks available	[Maximum mark: 10]	Reference code	SPM.1.SL.TZ0.1a
Level	SL	Paper	1	Time zone	TZ0
Command term	Explain	Question number	a	Adapted from	N/A

[Maximum mark: 10]

SPM.1.SL.TZ0.1a

(a)

Explain two reasons why a government might set a price ceiling (maximum price) on a good.

[10]

Markscheme

Answers may include:
• Definition: price ceiling (maximum price).
• Explanation: of the government’s motives for introducing a price ceiling, such as equity and accessibility.
• Diagram: showing price ceiling (maximum price).

Syllabus sections

First exams 2022

First exams 2022 » Unit 2: Microeconomics » 2.7 Role of government in microeconomics » 2.7.1 Reasons for government intervention in markets

First exams 2022 » Unit 2: Microeconomics » 2.7 Role of government in microeconomics

First exams 2022 » Unit 2: Microeconomics

Question SPM.1.SL.TZ0.1a

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