Question 2(a)
[Maximum number: 8]
Explain what is meant by the incidence of an indirect tax and consider the extent to which it is possible for the incidence to pass from a producer of a good to a consumer of that good. [8]

Practise shifting supply by a specific indirect tax, separating consumer and producer incidence and using PED and PES to calculate price, quantity, revenue and burden.
Explain what is meant by the incidence of an indirect tax and consider the extent to which it is possible for the incidence to pass from a producer of a good to a consumer of that good. [8]