A-LevelEconomicsThe price system and the microeconomy9708/12 · May/June 2017 · Q141 Mark
A specific tax is placed on the sale of bottles of lemonade. In the diagram, SS is the supply curve before imposition of the tax and S₁S₁ is the supply curve after tax. [Figure 14.1] Which distance represents the specific tax on each bottle?
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.
AUT
BWT
CWU
DWX
✓ Correct answer
B: WT
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