Economics 9708 · AS & A Level · Taxes and subsidies

Taxes and subsidies — practice question

The diagram illustrates the market for a demerit good. The starting equilibrium is located at point X. What would the new equilibrium be if the government levies a unit tax on this demerit good and succeeds in making consumers aware of its harmful effects?

  • AA
  • BB
  • CC
  • DD

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