經濟 1994 年 DSE、CE、AL 選擇題（第 2 頁）

11.

For Question No.8 and 9, consider the following supply and demand schedule of wine in a certain country:

Price ($)	Quantity demanded (Units)	Quantity supplied (Units)
30	90	60
32	80	65
34	70	70
36	60	75
38	50	80
40	40	85

Government revenue from the above tax will be _______.

12.

If the beach in Repulse Bay is privatized,

13.

The following diagram shows the supply of and the demand for the tickets of a concert.

If the tickets are sold at P2 instead of P1,

(1)a black market may occur.

(2)the sales revenue will be smaller.

(3)the quantity transacted will be greater.

(4)the sales revenue may increase or decrease, depending on the price elasticity of demand.

14.

The demand for good X is perfectly inelastic. If the government offers a subsidy of $4 for each unit of X produced, the equilibrium price of X will

15.

If the government imposes an effective quota on good Y, the market price of Y will _______ and its quantity transacted will _______.

16.

If the government imposes an effective quota on good Y, the consumers' total expenditure on good Y will

17.

Mrs Wong retired last year. Since then she has been helping to do the housework in her daughter’s house and receiving no money in payment for it. The daughter works as an accountant in her own accounting firm. Which of the following statements is correct?

18.

A divergence between private and social costs results from

19.

Capital differs from land in that, for example,

20.

Which of the following factors would tend to increase the labour supply in Hong Kong?

(1)The government re-employs some retired civil servants.

(2)There are more public holidays each year.

(3)There is greater proportion of males in the population.

(4)The educational level of workers becomes higher.