Tariffs | NCEA 3.1 Market equilibrium

All you need to know for the exam about tariffs. NCEA Economics Level 3 exam, 3.1, AS91399 Demonstrate understanding of the efficiency of market equilibrium. Head to https://www.bigbrainenergy.co.nz for practice questions and more resources! Timestamps: 0:00 What is tariff? 1:28 The tariff graph 6:16 Implications of tariffs 7:43 Wording your answers for 3.1 10:58 Practice questions #ncea #economics #microeconomics #examrevision #exampreparation #studytips #newzealand #level3 #helpmemakethismakesense #supplyanddemand