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

Maximum and minimum prices — practice question

The table presents the demand and supply schedules for a good before the tax was introduced and after it was imposed. What were the tax and the change in price?

  • Atax $3; price change $2
  • Btax $3; price change $3
  • Ctax $4; price change $3
  • Dtax $4; price change $4

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