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Author Question: The diagram below shows the domestic demand and supply curves for cotton towels in Canada. The ... (Read 555 times)

Facerro

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on: Oct 12, 2022

The diagram below shows the domestic demand and supply curves for cotton towels in Canada. The prevailing world price of cotton towels is PW. Assume that all cotton towels are identical.



FIGURE 20-3

Refer to Figure 20-3. Consider the Canadian producers of towels currently in a free-trade situation in this market who then choose to lobby the government for protection of their industry. Suppose you are an advisor to this industry and are asked to recommend whether they should lobby for a tariff of $t per unit or an import quota of (Q3 - Q2). What should you recommend if the producers want to increase their revenues?


◦ The tariff - their revenues will be higher.
◦ The tariff- the domestic producers will receive all of the revenue previously accruing to foreign suppliers.
◦ The import quota - their revenues will be higher.
◦ Either - it makes no difference to their revenues either way.
◦ Neither - their revenues will not increase with a tariff or an import quota.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Facerro on Oct 12, 2022

Karla347

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Reply #1 on: Oct 12, 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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Facerro

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

kusterl

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

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