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14) Refer to Figure 20.4. The domestic price of a leather wallet is $20. With free trade the price of a leather wallet is

14) Refer to Figure 20.4. The domestic price of a leather wallet is $20. With free trade the price of a leather wallet is $10 and after a tariff is imposed the price is $15. After the tariff is imposed, this country will import leather wallets. p P = $20 P = $15 Pr = $10 S Figure 20.4 D 100 150 200 250 300 Q Number of leather wallets

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