Edexcel A Level · 9EC0 · Theme 1: Introduction to markets and market failure
1.2.9 Indirect taxes and subsidies
Also Edexcel AS 8EC0
Everything you need for questions on indirect taxes and subsidies, 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?
- 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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