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GCSE
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More cards in this set
Card 6
Front
What is mean by the incidence of indirect tax
Back
Card 7
Front
Describe how an inelastic D affects the incidence of indirect tax
Back
Card 8
Front
Describe how an elastic D afects the incidence of direct tax
Back
Card 9
Front
Describe how an inelastic S affects the incidence of indirect tax
Back
Card 10
Front
Describe how an elastic S afects the incidence of direct tax
Back
Card 11
Front
Explain what is meant by a subsidy
Back
Card 12
Front
Describe the effect of a subsidy on supply and demand graph
Back
Card 13
Front
Describe the impact of a subsidy on consumer
Back
Card 14
Front
Describe the impact of a subsidy on producer
Back
Card 15
Front
Describe the impact of a subsidy on the government
Back
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