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Economics (AS & A Level) · Oct / Nov 2021 · Paper 12 · Question 7

9708Methods and effects of government intervention in markets

The market for mobile phones is initially in equilibrium at X. The government then imposes a sales tax. What is the government's total tax revenue from this tax?

  1. AJKX
  2. BTKLS
  3. CTKMR
  4. DUJXS

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Correct answer: C. TKMR

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