Gce Model Questions Vol1 2022 Economics Question 10
Practice objective / multiple choice question 10 from the 2022 Gce Model Questions Vol1 Economics examination.
A small open economy imports a good for which the domestic demand curve is \( Q_d = 100 - 2P \), where \( Q_d \) is quantity demanded and \( P \) is the price in £ per unit. The world price of the good is £10 per unit and there is no domestic supply. The government imposes a specific tariff of £4 per unit on imports. Calculate the dead‑weight loss (in £) caused by the tariff. Give your answer as a whole number.
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About This Question
This is Gce Model Questions Vol1 2022 Economics Question 10. It is one of the objective questions from the 2022 Gce Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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