(a)[8]
Explain, with the help of a diagram, how consumer surplus changes when an indirect tax is introduced.
(b)[12]
Discuss the advantages and disadvantages of using indirect taxes to address the negative externalities linked with some products.
Economics 9708 · AS & A Level · Maximum and minimum prices
Explain, with the help of a diagram, how consumer surplus changes when an indirect tax is introduced.
Discuss the advantages and disadvantages of using indirect taxes to address the negative externalities linked with some products.