Price 160 S 75 60 35 D 125 200 425 500 Quantity In 000s The Figure Above Presents Domestic Supply And Demand What Is 1 (31.94 KiB) Viewed 30 times
Price 160 S 75 60 35 D 125 200 425 500 Quantity In 000s The Figure Above Presents Domestic Supply And Demand What Is 2 (26.97 KiB) Viewed 30 times
Price $160 S 75 60 35 D 125 200 425 500 Quantity (in 000s) The figure above presents domestic supply and demand, what is the quantity of exports if the world price is 560 225 O 375 00 We don't know the domestic no-trade equiliblum so we can't say for sure
QUESTIONS "Suppose the world price is 560, what is the deadweight loss from a tariff of S157" 0 375 5625 "O, because they export 1125 QUESTION 6 "Suppose the world price is 560, what is the tax revenue from a tariff of $15? 3375 6375 It depends on elasticity of supply and demand 0, because they export QUESTION 7 What is the percent change in consumer surplus because of the tariff? 38.41 27.75 38.41 -27 75
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