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Government intervention

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Question 19

The diagram below shows the effect of a government tax on the market for a good, shifting the supply curve from S1 S_1\,S1​ to S2 S_2\,S2​ by a constant vertical distance, ttt.

Market tax shift

Which of the following combinations correctly identifies the classification of this tax?

Direct and specific

Direct and ad valorem

Indirect and specific

Indirect and ad valorem

Government intervention Questions

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