Gce Model Questions Vol1 2025 Economics Question 45
Practice objective / multiple choice question 45 from the 2025 Gce Model Questions Vol1 Economics examination.
A small open economy imports a good whose domestic demand is linear: at a price of ₦10 the quantity demanded is 40 units, and at a price of ₦20 the quantity demanded falls to zero. The world price is ₦10. The government imposes a specific tariff \(t\) per unit. (i) Determine the tariff that raises government revenue to ₦80. (ii) Calculate the dead‑weight loss associated with this tariff. Give the tariff to two decimal places and the dead‑weight loss to two decimal places.
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About This Question
This is Gce Model Questions Vol1 2025 Economics Question 45. It is one of the objective questions from the 2025 Gce Model Questions Vol1 Economics examination.
Difficulty level: Hard .
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