Economics 9708 · AS & A Level · Maximum and minimum prices

Maximum and minimum prices — practice question

A specific tax is charged on each bottle of perfume sold. In the diagram, SS is the supply curve before tax, while StSt is the supply curve after tax. Which area shows the part of the tax revenue paid by producers?

  • AORWY
  • BPQUT
  • CPRWT
  • DQRWU

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