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Author Question: Suppose the U.S. government imposes a $0.75 per pound tariff on coffee imports. Figure ... (Read 17 times)

laurencescou

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Figure 7-2








Suppose the U.S. government imposes a $0.75 per pound tariff on coffee imports. Figure 7-2 shows the impact of this tariff.  






Refer to Figure 7-2. With the tariff in place, the United States


◦ imports 20 million pounds of coffee.
◦ imports 12 million pounds of coffee.
◦ imports 18 million pounds of coffee.
◦ exports 38 million pounds of coffee.


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Marked as best answer by laurencescou on Mar 16, 2019

KKcool

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laurencescou

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Reply 2 on: Mar 16, 2019
YES! Correct, THANKS for helping me on my review


bitingbit

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Reply 3 on: Yesterday
Excellent

 

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