Note: The "Incremental Approach" in HKCEE focused heavily on the logic of choice and optimization, whereas DSE places more emphasis on market efficiency and government intervention.
🧠 Pro tip: Focus on papers — those closest to DSE difficulty and format. hkcee econ past paper
⚠️ Note: HKCEE syllabus did not include some DSE topics (e.g., anti-competitive practices, extension of monopoly pricing). So always cross-check with current DSE curriculum. Note: The "Incremental Approach" in HKCEE focused heavily
HKCEE marking schemes were strict regarding diagrams. hkcee econ past paper
The increase in tobacco tax raises the cost of production for sellers. This causes the supply curve to shift to the left ( S0cap S sub 0 S1cap S sub 1 Effect: The equilibrium quantity ( ) will definitely decrease . The effect on equilibrium price (