Economics 9708 · AS & A Level · Short-run costs

Short-run costs — practice question

The diagram illustrates two Lorenz curves. If the Lorenz curve moves from L1 to L2, which is least likely to have caused this change?

  • ACapital gains tax has been reduced.
  • BIncome tax has been made more progressive.
  • CInheritance tax has been reduced.
  • DThe tax-free allowance has been decreased for everyone.

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