Practice Exam Questions
Indirect Taxes and Economic Welfare (MCQ Revision Questions)
- AS, A-Level, IB
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 30 Apr 2017
This multiple choice question requires students to determine what happens to overall consumer and producer surplus when an indirect tax is introduced into a market. The question is testing the idea of a deadweight welfare loss.