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Author Question: The above figure shows the domestic supply of and domestic demand for an imported good. The world ... (Read 220 times)

lindiwe

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on: Jun 29, 2018
The above figure shows the domestic supply of and domestic demand for an imported good. The world price is 15 per unit.
 
  a. At the world price of 15 per unit, what is the domestic consumption and domestic production?
  b. At the world price of 15 per unit, what is the quantity imported?
  c. If the government imposes a tariff of 5 per unit, what is the domestic consumption and domestic production?
  d. With the 5 per unit tariff, what is the quantity imported?
  e. How much revenue does the government collect with a tariff of 5 per unit?

Question 2

Refer to the scenario above. The principal in this case is:
 
  A) 300.
  B) 1,000.
  C) 1,300.
  D) 2,300.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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itsakadoozi

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Reply #1 on: Jun 29, 2018
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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lindiwe

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

cassie_ragen

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

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