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Author Question: The table below shows the prices in Canada of one kilogram of cheddar cheese produced in three ... (Read 57 times)

xman15.

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The table below shows the prices in Canada of one kilogram of cheddar cheese produced in three different countries. Assume that all cheddar cheese is identical.

Producing CountryCanadian Price in $Canadian Price in $
Free Trade40% Import Tariff
Canada10.00________
United Kingdom  9.00________
United States  8.00________

TABLE 20-1

Refer to Table 20-1. Assuming that a 40% tariff is in place and that Canadians buy only the lowest-priced cheddar cheese, from which country will Canada buy its cheese?
◦ all from United Kingdom
◦ from Canada and United States
◦ all from Canada
◦ from United Kingdom and United States
◦ all from the United States


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Marked as best answer by xman15. on Oct 12, 2022

Sophia0717

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xman15.

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Reply 2 on: Oct 12, 2022
Excellent


hollysheppard095

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

 

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