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

Maximum and minimum prices — practice question

Individuals are able to decide how many hours to work, how much income to set aside as savings and which goods and services to purchase. Which kind of tax will not affect the choices that individuals make?

  • Aa tax levied on the wealth accumulated by individuals
  • Ba uniform tax which raises the same fixed amount from all individuals
  • Cindirect taxes on specific goods
  • Dproportional income taxes

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI