Economics (AS & A Level) · Feb / March 2022 · Paper 12 · Question 20

A government removes its quota on imported laptops. Assuming a normal demand curve and upward-sloping supply curve for laptops, what are the likely effects on domestic laptop manufacturers?

1. Adecrease; decrease
2. Bincrease; increase
3. Cdecrease; uncertain
4. Dincrease; uncertain

As printed in the paper