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Edexcel Economics and Business UNIT 4 6EB04 watch

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    How was it?
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    what did you get for acid test ratio?
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    What did people out for the ten marker on tax and the diagram?
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    (Original post by EmilyImpossible)
    What did people out for the ten marker on tax and the diagram?
    Diagram showed inelastic demand supply shifted to increase price and reduce quantity but only slightly because of PED
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    (Original post by EmilyImpossible)
    What did people out for the ten marker on tax and the diagram?
    Marginal social benefit
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    (Original post by Mark179)
    Diagram showed inelastic demand supply shifted to increase price and reduce quantity but only slightly because of PED
    That's only half of it as you need to talk about MSB which shows a reduction in negative externalities
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    Ten marker on tax - what did people put
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    (Original post by Dann_a)
    That's only half of it as you need to talk about MSB which shows a reduction in negative externalities
    That was in my explanation but not MSB directly.. In terms of reduced consumption- less externalities like passive smoking
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    (Original post by Mark179)
    That was in my explanation but not MSB directly.. In terms of reduced consumption- less externalities like passive smoking
    Yeah I did the same
 
 
 
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