1.2 How markets work

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50

Question 26

Annotate the diagram below to show the effect of introducing a specific indirect tax on the market for non-recyclable plastic packaging on the market equilibrium price and quantity.

Demand and supply diagram representing the market for non-recyclable plastic packaging

[2]

1.2 How markets work

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50

Question 26

Annotate the diagram below to show the effect of introducing a specific indirect tax on the market for non-recyclable plastic packaging on the market equilibrium price and quantity.

Demand and supply diagram representing the market for non-recyclable plastic packaging

[2]

1.2 How markets work

Question 26

1.2 How markets work Questions

1.2 How markets work

Question 26

1.2 How markets work Questions