A-LevelEconomicsThe price system and the microeconomy9708/12 · May/June 2014 · Q111 Mark

The diagram illustrates the effects of placing a specific tax equal to JM on a good. [Figure: Supply and Demand graph with two supply curves S1, S2, and a demand curve D. Points J, K, L, M, X, Y, Z, O are labelled, showing price vs. quantity.]

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AJKM

BXJKY

CXJLY

DXJMZ

✓ Correct answer

D: XJMZ

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Topic: The price system and the microeconomy, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, May/June 2014 Paper 1 Variant 2, question 11.

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The diagram illustrates the effects of placing a specific tax equal to JM on a good. [Figure: Supply and Demand graph with two supply curves S1, S2, and a demand curve D. Points J, K, L, M, X, Y, Z, O are labelled, showing price vs. quantity.]

✓ Correct answer

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