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7. Diagram below shows domestic supply and demand for US lumber (in board feet) . Worldprice is at $400.00. Tariff is set at $400 per

7. Diagram below shows domestic supply and demand for US lumber (in board feet). Worldprice is at $400.00. Tariff is set at $400 per board feet.

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The US Lumber Market $2,000 $1,800 Domestic Supply $1,600 $1,400 a $1,200 Dollars per thousand board feet $1,000 b n p World Price + $800 $600 C g h K e World Price $400 m d $200 Domestic Demand $0 0 10 20 40 60 70 80 90 100 of board feet

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