HMRC collects an indirect tax on two tobacco products. Table 1 shows the quantity of each product sold during one year and the indirect tax charged per item.
| Tobacco product | Quantity sold | Indirect tax per item |
|---|---|---|
| Packets of cigarettes | 2,400,000 | £6.10 |
| Pouches of hand-rolling tobacco | 350,000 | £8.40 |
Calculate the total revenue raised by the indirect tax. Show your working.
83 exam-style questions on AQA GCSE Economics 1.6 Market failure, covering 1.6.1a Market failure as misallocation of resources, 1.6.1b Government intervention, 1.6.2a Defining externalities, and 1.6.2b Positive and negative externalities. Each one has a worked solution and a mark scheme showing where the marks go.