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3.5 Fiscal policy

3.5 Fiscal policy

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Question 12

An indirect tax is imposed on a product. Which effect is most likely in that market?

[1]
A

Demand shifts right and price falls

B

Supply shifts right and quantity rises

C

Demand shifts left by the full amount of the tax

D

Supply shifts left, tending to raise price and reduce quantity

Markscheme

3.5 Fiscal policy Questions

  1. GCSE
  2. /Economics
  3. /3.5 Fiscal policy

30 exam-style questions on OCR GCSE Economics 3.5 Fiscal policy, covering 3.5.1 Government spending and revenue, 3.5.2 Budget balance, surplus and deficit, 3.5.3 What is fiscal policy, 3.5.4 Calculate effects of taxes and spending, 3.5.5 Analyse effects of taxes and spending, 3.5.6 Costs and benefits of fiscal policy, and 3.5.7 Redistributing income and wealth. Each one has a worked solution and a mark scheme showing where the marks go.

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