Economics 0455 · IGCSE · Supply

Supply — practice question

The graph illustrates the effect of a tax on the supply of petrol (gas). What conclusion can be drawn from this graph?

  • AThe government will receive no tax revenue.
  • BThe impact of the tax will be shared between the consumer and the producer.
  • CThe impact of the tax will fall entirely upon the consumer.
  • DThe impact of the tax will fall entirely on the producer.

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