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The UK government are planning on imposing a tax on sugary drinks. Discuss how a tax could be used to decrease consumption of sugary drinks and outline some potential issues.

Gov should try place monetary value on welfare loss - this may be difficult tax would increase cost of production for firms - they supply less (shown on supply and demand diagram)tax would deter customers fr...
AA
Answered by Ahmad A. • Economics tutor
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How can expansionary fiscal policies support an economy in closing a deflationary/recessionary gap?

Expansionary fiscal policies expand aggregate demand (AD) by increasing government spending and/or decreasing income and corporate taxation. As a result, a recessionary (a.k.a. deflationary) gap, which is ca...
SB
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How much do I need to write for the long answer questions/essays at the end of the paper?

For the long answer questions or 25 markers students should write 2 strong paragraphs with extensive analysis and complete and informed evaluation. On top of this to gain the best marks or to guarantee a goo...
Answered by • Economics tutor
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What are the different types of price discrimination?

First degree discrimination is charging the maximum amount that the consumer is willing to pay for a product. An example for this is auction. Second degree discrimination involves charging different prices d...
LT
Answered by Lucía T. • Economics tutor
2715 Views

Analyse 2 causes of shifts in the demand curve and the consequence for the consumer.

The demand curve describes the quantity of goods and services that consumers are willing and able to purchase at any given price over a given period of time ceteris paribus. An increase in a consumer's incom...
JL
Answered by James L. • Economics tutor
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