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...