A-level Paper 1, November 2020Markets and Business Behaviour
A-level Paper 1, November 2020, Q1(a)
Draw a supply and demand diagram to show the incidence of a specific petrol tax on consumers and producers.
Short answerDraw4 marks
Context
Fuel duty is an excise tax imposed on the sale of petrol, included in the price paid by consumers, set at 58 pence per litre.
Original diagram required. See the original question paper for the diagram.
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