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a. With trade restriction, how many oranges will the US import? 3,000 Suppose that the U.S. government removes a tariff on oranges. b. How many
a. With trade restriction, how many oranges will the US import? 3,000 Suppose that the U.S. government removes a tariff on oranges. b. How many oranges will the United States import after removal of the tariff? 6,000_____________ c. At $0.60 price how much would government collect in tariff revenue on the number of oranges imported? $900____________ d. With trade restriction, how many oranges will American consumers demand? 7,000 e. With free trade, how many oranges will American farmers supply? 4,000
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