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Mark scheme Q10 microeconomics (unit 2.5-2.6)

This paper 1 style question contains section (a) and part (b) questions. Part A asks candidates to explain the relationship between the PES/PED for a product and the incidence of taxation placed on consumers and producers. Responses to part (b) should also include an effective discussion in terms of the costs and benefits of a government decision to implement an indirect tax on the unhealthy food products. Candidates...

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