A-LevelEconomicsInternational TradeOct/Nov 2011Paper 1 Q191 Mark
A government removes the tariff on a product as shown in the diagram. [Figure showing domestic supply S, domestic demand D, world supply with tariff P1, world supply without tariff P2, price axis, quantity axis with points V, W, X, Y, Z] What will be the change in domestic production?
Areduction of WV
Breduction of XV
Creduction of XW
Dreduction of ZY
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The correct answer is A. This question tests the candidate's understanding of international trade within the Economicssyllabus. The examiner's mark scheme requires...
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Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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