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Government intervention

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Question 13

The diagram below shows the market for a luxury good where a government intervention has shifted the market supply curve from S1 S_1\,S1​ to S2S_2S2​.

Market diagram showing supply curve shift

Which of the following government policies is represented by this shift?

A specific indirect tax

An ad valorem indirect tax

A flat-rate producer subsidy

A price floor (minimum price)

Government intervention Questions

  1. A Level
  2. /Economics
  3. /Government intervention