A tariff is imposed on imported clothes in Mexico. In the presence of free trade, the quantity of clothes produced local

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A Tariff Is Imposed On Imported Clothes In Mexico In The Presence Of Free Trade The Quantity Of Clothes Produced Local 1 (43.12 KiB) Viewed 30 times

A tariff is imposed on imported clothes in Mexico. In the presence of free trade, the quantity of clothes produced locally in Mexico was 15532 per year. After the imposition of tariff, the quantity of clothes produced locally in Mexico increased by 40% compared to the estimate of the previous sentence when there was free trade. The quantity of clothes bought locally in Mexico was 34470 per year before tariff. The quantity of clothes bought locally in Mexico decreased by 33% in the presence of tariffs compared to what it was during free trade. a) What was the quantity sold locally per year after tariff ? ( Please give your answers in two decimal places) b) What is the quantity of clothes imported in Mexico in a month on average after the imposition of the aforementioned tariff? (Please give your answers in two decimal places) c) What is the percentage change in the quantity of clothes imported in Mexico per year after the imposition of the aforementioned tariff compared to free trade? (Please give your answers in absolute value without percentage sign and in two decimal places. If your answer is -56.3452% write 56.35)