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Author Question: Import Quotas vs. TariffsThe graph shows the effect of imposing a tariff on the market for oil.If ... (Read 21 times)

trevg

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on: Nov 23, 2022

Question 1

Quotas

The graph shows the effect of imposing a production quota on the market for hops.


If P0=$10, P1=$7, P2=$21, Q0=1564, and Q1=959, how much have prices increased after the quota has been implemented?
◦ $21
◦ $3
◦ $14
◦ $11

Question 2

Import Quotas vs. Tariffs

The graph shows the effect of imposing a tariff on the market for oil.

If P1=$77, Ptariff=$82, Q1=37, Q2=38, Q3=39, and Q4=44, how much is imported from abroad before the tariff is implemented and after the tariff is in place?
◦ 7, 1
◦ 6 , 1
◦ 1, 2
◦ 7, 6
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by trevg on Nov 23, 2022

gwisel

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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trevg

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Reply 2 on: Nov 23, 2022
Great answer, keep it coming :)

gcook

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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