Evaluate the likely economic effects of an increase in the indirect tax on bottled water.

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(e) Evaluate the likely economic effects of an increase in the indirect tax on bottled water. Use an appropriate diagram in your answer. (15)

please follow the mark scheme attached as file as well

Demonstrates accurate knowledge and understanding of the concepts, principles and models.

Ability to link knowledge and understanding in context using relevant and focused examples which are fully integrated.

Economic ideas are carefully selected and applied appropriately to economic issues and problems. The answer demonstrates logical and coherent chains of reasoning.

Evaluative comments supported by relevant chain of reasoning and appropriate reference to context.

Evaluation recognises different viewpoints and/or is critical of the evidence.

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