(a)[8]
Explain, with the help of a demand and supply diagram, two reasons why the demand for foreign holidays may rise.
(b)[12]
Discuss whether an indirect tax on foreign holidays is likely to be effective at reducing the number of holidays taken.
Economics 9708 · AS & A Level · Demand and supply curves
Demand and supply curves — practice question
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Correctly label the vertical axis as P/Price, the horizontal axis as Q/Quantity, and draw and label the Demand and Supply curves accurately (1 mark)” …
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