O-LevelEconomicsThe allocation of resources2281/11 · Oct/Nov 2010 · Q91 Mark
The diagram shows that when a tax of $2 on a good raises the supply curve from S₁ to S2, the price to the consumer rises from $4 to $5. [Figure 9.1] What is the total tax yield to 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$75
B$150
C$200
D$375
✓ Correct answer
B: $150
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