A-LevelEconomicsGovernment microeconomic intervention9708/12 · May/June 2016 · Q151 Mark
The diagram shows demand and supply curves for a good. S₁ is the original supply curve, S2 is supply after a tax is added. [Figure X.X] How much tax revenue is earned by the government?
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
A$10
B$40
C$50
D$80
✓ Correct answer
C: $50
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill Government microeconomic intervention and see which topics are most likely to come up next.
Sign up free →