Economics class: Stagflation looms in UK as economic growth grinds to a halt
Regulation
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Specification:
Regulation, Costs, Revenue, Profit, Investment, Consumer welfare, Inflation
Click to read the article below and then answer the questions:
Sunak pressed to impose energy windfall tax
Show the impact of a windfall tax on a firm in an imperfect market
Using the diagram explain what happens to price profit and output when the windfall tax is imposed
Why will the windfall tax harm investment in the energy sector?
John Greenwood, Bromley High School for Girls
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