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CIMA Fundamentals of Business Economics BA1 Question # 138 Topic 14 Discussion

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CIMA Fundamentals of Business Economics BA1 Question # 138 Topic 14 Discussion

BA1 Exam Topic 14 Question 138 Discussion:
Question #: 138
Topic #: 14

The government has set a maximum house price due to a massive house price rise in the last decade. This is denoted by the line Q1Q2 on the graph.

BA1 Question 138

Which of the following may occur in light of the introduction of the maximum house price as it appears on the graph?

Select ALL that apply.
A.

There will be a shortage of housing supply in Lingford.

B.

A 'black market' may develop in housing, meaning the maximum price is ignored.

C.

There will be a surplus of housing supply in Lingford.

D.

Landowners will continue to build residential properties at the same rate as before the maximum price was implemented.

E.

It is not likely that the maximum house price will need some sort of reform in the near future.

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Actual exam question for CIMA BA1 exam by Jett26435 at Aug 3, 2025, 12:00:00 AM

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