AS Paper 1, June 2017Introduction to Markets and Market Failure
AS Paper 1, June 2017, Q6(a)
Explain why ‘bans on tobacco advertising’ (Extract A, line 7) may result in a decrease in the revenue of tobacco firms. Include a supply and demand diagram in your answer.
Data responseExplain5 marks
Case study
The market for cigarettes
Original diagram required. See the original question paper for the diagram.