IB skill practice

Analyse indirect taxes, subsidies, and price controls

Economics SL skill with original exam-style diagram and data-response seeds.

Paper 1, Paper 2 5 marks Difficulty 3

Analyse a subsidy

A Wellington grocery market article reports a per-unit subsidy for public transport. Use a demand and supply diagram to explain the likely market effect. Enter the answer and choose the interpretation that best matches the economic evidence.

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