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ZIMSEC A-Level Economics

7.3Price controls, production quotas and buffer stock

Price controls, production quotas and buffer stock in ZIMSEC A-Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic23 practice questions1 lesson

Learning objectives

What the syllabus expects you to be able to do.

  1. 7.3.1Explain price controls and buffer stock schemes as methods of government intervention.

Lessons

  • Maximum and minimum prices and buffer stock schemes

    50 min

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Sample question

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Price controls, production quotas and buffer stock: sample question

1 mark

A minimum price set above the equilibrium price will cause

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