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Author Question: -2 Suppose the U.S. government imposes a $0.75 per pound tariff on coffee imports. Figure ... (Read 316 times)

Melani1276

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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 Melani1276 on Mar 16, 2019

reelove4eva

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