CAIE A-Level Economics AS 2.5.3 Surplus Changes Questions

Practise showing consumer and producer surplus changes caused by demand or supply shifts, taxes, subsidies, controls and trade policies using diagrams.

Exam points

Show consumer and producer surplus changes caused by demand or supply shifts, taxes, subsidies, controls and trade policies.

[Maximum number: 1]

A country has health care provided by the free market. This is replaced by the government provision of $\mathrm{S}_{\mathrm{g}}$ free health care.

Figure for Question CAIE A-Level Economics AS 2.5.3 Surplus Changes Questions question 1 — CAIE A-Level Economics AS

What is the change in consumer surplus?

from 1 to (1+2)

from 1 to (1+2+3+4)

from (1+2) to (1+2+3)

from (1+2) to (2+3+4+5)

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CAIE A-Level Economics AS 2.5.3 Surplus Changes Questions question 1