A-level Paper 3, June 2025Microeconomics and Macroeconomics

A-level Paper 3, June 2025, Q2(a)

Using a demand and supply diagram, explain the cost of a subsidy on the market for cooking oil to the Indian government (Extract E, line 6).

Data responseExplain5 marks

Case study

The economy of India

Original diagram required. See the original question paper for the diagram.

Specification topics

Indirect taxes and subsidiesGovernment intervention in markets

Revision notes

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