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Indirect Taxes and Economic Welfare (MCQ Revision Questions)
- Level:
- AS, A Level, IB
- Board:
- 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.
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