Sample 2
This is the second sample for this question, on microeconomics. The question and markscheme can be purchased at the IBO store, available at: Follett. A reminder that this question is q1 from paper one in May 2016, timezone 1. Section A Indirect tax is the tax that is added by the government on the price of goods and services. Governments can place tax on different goods with different elasticies and gain revenue,...