AQA A Level · 7136 · Paper 1: Markets and market failure
4.1.8.9 Government Intervention: Part 2
Also AQA AS 7135: 3.1.5.8
Everything you need for questions on indirect taxes, subsidies and buffer stocks, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- Indirect taxes
- Subsidies
- Incidence and PED
- Who is affected?
- Calculations
- Classic question: are indirect taxes a good way to cut consumption?
- Buffer stock schemes
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- Who pays the tax?
- Who gains from a subsidy?
- Who bears most of the tax?
- Tax and subsidy trainer
- Do they work?
- Build the chain
- Exam practice
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