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Economics (AS & A Level) · Oct / Nov 2022 · Paper 12 · Question 16

9708Methods and effects of government intervention in markets

The diagram shows demand and supply curves for a good. S₁ is the original supply curve, S₂ is supply after a tax is added. How much tax revenue is earned by the government?

  1. A$40
  2. B$160
  3. C$200
  4. D$320

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Correct answer: C. $200

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