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Author Question: The diagram below shows the demand and supply curves for refrigerators in Canada.FIGURE 20-1Refer to ... (Read 103 times)

connormoss

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on: Oct 12, 2022

The diagram below shows the demand and supply curves for refrigerators in Canada.



FIGURE 20-1

Refer to Figure 20-1. Suppose P0 is the world price. If Canada imposes a tariff causing the price of refrigerators in Canada to rise from P0 to P1, the Canadian government will collect tariff revenues equal to


◦ (P1 - P0) multiplied by the tariff-induced quantity of refrigerators imported into Canada, Q2Q4.
◦ the new price, P1, multiplied by the total quantity of refrigerators purchased in Canada, Q4.
◦ the original price P0, multiplied by the original quantity of refrigerators imported into Canada, Q1Q5.
◦ (P1 - P0) multiplied by the tariff-induced quantity of refrigerators imported into Canada, Q1Q5.
◦ the new price, P1, multiplied by the total quantity of refrigerators purchased in Canada, Q2.
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Marked as best answer by connormoss 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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connormoss

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

billybob123

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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