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need help in economics AS question

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twilight:
hey everyone.. ;)
i really need help economics AS in a question in O/N 2008 exam , paper1 multiple choice questions (9708_w08_qp_1.pdf)

its question 17 .. i've attached a copy of the question (its a graph question)
the correct answer was B but my answer was D .. i dont understand why

hope any1 cud explain to me why the answer is B not D bcoz i am really confused!!!! :-\ :-\
i asked my teacher and i got even more confused  :-[

thanks

astarmathsandphysics:
With the price fixed at P2 the cuantity demanded is Q1, but the quantity supplied is Q2. The surplus at P2 must be bought up by the government. I think the answer is D. Incidentally I got an A in economics. 20 years ago.

wriggle:
I agree. D is da answer as correctly explaind by astarmathz&phyx (i wish ur name was shortr lol!). Answer 'B' represents da amount spent by da CONSUMERS to keep da price afloat at P2.

twilight:
yeah .. thats y i answered D..
i TRULY hate the graph questions wen it cumz to government intervention and the part related to minimum and maximum price .. i get stuck with them  :-[

i'm taking the xams in the june 2009 and i still cant score a full mark in 1 multiple choice paper.. am getting really stressed out :-\

thanks wriggle and astar(i made ur nick shorter now .. lol) ;)

twilight:
hii...

sorry but there was this multiple choice question about the characteristics of money that said:

Which characteristic of money is necessary for it to be accepted as a medium of exchange?
A. it is durable
B. it acts as legal tender
C. it is limited in supply
D. it is portable

my answer was B(acts as legal tender) but in the marking scheme it was C(limited in supply).. ???
i answered B becoz i think if it wasn't a legal tender ppl wud not use it.. but if its not limited in supply (like during inflation) only its value wud fall and ppl wud use it LESS.. :-\

hope any1 cud help me .. thanks  ;)

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