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Author Question: Suppose that at the current world price bananas are imported into Canada. Suppose also that domestic ... (Read 157 times)

unreallynx

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on: Oct 12, 2022
Suppose that at the current world price bananas are imported into Canada. Suppose also that domestic supply is perfectly inelastic and domestic demand has unit elasticity. If Canada were to place a tariff on imported bananas, the
◦ price of bananas in Canada would rise, but total domestic expenditures on bananas would be unaffected.
◦ revenues of the foreign exporters of bananas would rise.
◦ quantity imported would be unaffected.
◦ quantity imported would rise.
◦ price of bananas in Canada would rise, but total domestic expenditures on bananas would fall.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by unreallynx on Oct 12, 2022

gcurrens

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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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unreallynx

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

frankwu0507

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Reply 3 on: Yesterday
Excellent

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