A-LevelEconomicsInternational economic issues9708/12 · Feb/Mar 2022 · Q201 Mark
A government removes its quota on imported laptops. Assuming a normal demand curve and upward-sloping supply curve for laptops, what are the likely effects on domestic laptop manufacturers? [Figure 20]
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Achange in price received by domestic manufacturers: decrease, change in income received by domestic manufacturers: decrease
Bchange in price received by domestic manufacturers: increase, change in income received by domestic manufacturers: increase
Cchange in price received by domestic manufacturers: decrease, change in income received by domestic manufacturers: uncertain
Dchange in price received by domestic manufacturers: increase, change in income received by domestic manufacturers: uncertain
✓ Correct answer
A: change in price received by domestic manufacturers: decrease, change in income received by domestic manufacturers: decrease
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