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

Maximum and minimum prices — practice question

A particular tax is imposed on every bottle of perfume that is sold. In the diagram, SS shows the supply curve before the tax, while StSt shows the supply curve after the tax. Which area shows the part of the tax revenue borne by consumers?

  • AORWY
  • BPQUT
  • CPRWT
  • DQRWU

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