Paper 3 type question on tariffs and quotas (existing syllabus)

IB Economics: Paper 3 type question on tariffs and quotas (existing syllabus)

This paper three type question focuses on possible trade barriers that might be imposed by a government. Students require a piece of graph paper, a pencil and a calculator to complete the following questions.Maximum mark for this question 25The demand and supply functions for cotton shirts is as follows: Qd = 6,000 - 100 P and Qs = 100 PQuestion 15,0001,0004,0002,000


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