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

Maximum and minimum prices — practice question

In the past, many people smoked in restaurants. Restaurant owners have noticed that a fall in smoking, brought about by a tax on cigarettes, has lowered their meal sales. How would this be illustrated on demand and supply diagrams for cigarettes and for meals?

  • Acigarettes: a movement along the demand curve; meals: a shift inwards of the demand curve
  • Bcigarettes: a movement along the supply curve; meals: a movement along the demand curve
  • Ccigarettes: a shift outwards of the demand curve; meals: a shift outwards of the supply curve
  • Dcigarettes: a shift outwards of the supply curve; meals: a movement along the supply curve

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