AS Paper 1, June 2022Introduction to Markets and Market Failure

AS Paper 1, June 2022, Q6(a)

Explain the likely impact of the new 2020 TACs on the price of cod. Include a supply and demand diagram in your answer.

Data responseExplain5 marks

Case study

The market for fish

Original diagram required. See the original question paper for the diagram.

Specification topics

Price determinationGovernment intervention in markets

Revision notes

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