Economics 9708/23 May June 2020 | Cambridge AS Level Past Papers With Mark Scheme

The user can download the PDF file for detailed review. Key questions summarized:

1. Explanation of plastic bottles as both private goods and demerit goods, with emphasis on consumption and societal impacts.
2. Comparison between ad valorem and specific taxes, analyzing the classification of the proposed ‘bottle tax.’
3. Diagrammatic analysis of the effects of the ‘bottle tax’ on price, sales, and tax incidence on consumers, considering elasticity.
4. Evaluation of taxation versus alternative solutions for reducing plastic waste in developing economies.
5. Exploration of price elasticity of supply differences in short and long runs, focusing on production constraints and flexibility.
6. Discussion of comparative advantage limitations and the mutual benefits or drawbacks of tariffs in the US-China trade conflict.