A-LevelEconomicsInternational economic issues9708/12 · Oct/Nov 2022 · Q271 Mark

The diagram shows the effect of introducing a tariff on a product. What determines the producer surplus that the tariff generates for domestic producers?

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Athe price elasticities of domestic supply and demand

Bthe tariff rate and the price elasticities of both domestic demand and supply

Cthe tariff rate and the price elasticity of domestic demand

Dthe tariff rate and the price elasticity of domestic supply

✓ Correct answer

D: the tariff rate and the price elasticity of domestic supply

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Topic: International economic issues, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Oct/Nov 2022 Paper 1 Variant 2, question 27.

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