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IGCSE ECONOMICS DOUBTS HERE !!!!

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elemis:
Before posting your IGCSE Economics doubts here, have a look in this thread.

Use the search function in that thread to see if your doubt has already been answered.

If it hasn't then post here and I or someone else will help you.

secureprivacy:
Hi
There's a question in a past paper which I don't really get:
0455-Paper 3 MCQ MJ06:

Q37:  Assuming nothing else is changed, what will be the effect if a country imposes tariffs?

A increased import prices
B increased export prices
C reduced government revenue
D reduced home production

I think its A but why does the answer say D?

Thanks!

nid404:
It should be A. Check again. I'm pretty confident abt this one.

secureprivacy:
Oh sorry - it is A. Thanks for it anyway =D

secureprivacy:
Does this question make sense?

As the price of rice increases, the supply of rice increases. What does this say about the price elasticity of rice?

A Supply is price inelastic
B Demand is price elastic
C Demand is price inelastic
D Supply is price elastic

The answer says D but I don't get why?

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