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ASSIGNMENTS
gcse economics - demand and supply - tax, subsidies and the supply curve
18.08.2008
TAX
A charge placed on the production of a good and service by the Government. For example petrol is taxed heavily by the Government
A tax will increase the cost of production to the producer. It is makes it more expensive to produce
It is l...
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Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
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