A-LevelEconomicsInternational economic issues9708/12 · May/June 2014 · Q211 Mark

The diagram shows the effect on the quantity of an import to the domestic market on of a tariff that reduces the import's price to P1. [Figure: Market diagram showing domestic supply S (domestic), world supply with tariff S (world with tariff), world supply no tariff S (world no tariff) and domestic demand D (domestic) curves, with prices P and P1, and quantities 15, 30, 40, 48 (000s).]

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A8000 tonnes

B10000 tonnes

C23000 tonnes

D33000 tonnes

✓ Correct answer

C: 23000 tonnes

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Topic: International economic issues, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, May/June 2014 Paper 1 Variant 2, question 21.

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