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Economics · May / June 2019 · Paper 12 · Question 18

2281Mixed economic system

The diagram shows the effect of the imposition of a tax on a product. Which area represents the part of the tax paid by consumers of the product?

  1. AU + V
  2. BU + V + W
  3. CU + V + X + Y
  4. DU + X

As printed in the paper

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Correct answer: A. U + V

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