The abolition of the specialty sugar levy led to an estimated 28% increase in sales during the third quarter at SweetTreats, a regional chain of dessert parlours. The levy was an indirect tax on each sugary dessert sold to customers.
Source: news reports, November 2023
The abolition of the specialty sugar levy can be shown by the:
supply curve of sugary desserts shifting to the left.
supply curve of sugary desserts shifting to the right.
demand curve for sugary desserts shifting to the left.
demand curve for sugary desserts shifting to the right.
