ECONOMICS QUESTION

omics Homework: Homework 4 Score: 0 of 1 pt 10 of 28 (5 complete) HW Score: 14.28%, 4 of 7.3 Review Quiz 2 Question Help The graph shows Mexico's demand for and supply of mangoes. Price (dollars per pound) 1.50- it World price. Draw the world price line when the world price of mangoes is $1.00 a pound. Label 4.00- a Suppose that the government of Mexico imposes a tariff of $0.50 a pound on mangoes imported into Mexico. 3.50 Draw a line to show the price of mangoes in Mexico. Label it World price + tariff. 3.00- Draw a point at the quantity of mangoes demanded by Mexican consumers 2.50- 1) at the world price. Label it 1. 2) at the price in Mexico following the tariff. Label it 2. 2.00 Draw a point at the quantity of mangoes supplied by Mexican producers 1.50 3) at the world price. Label it 3. 4) at the price in Mexico following the tariff. Label it 4. 1.00- 0.50- DM 0.00- 0.0 0.5 1.0 15 20 Quantity (millions of pounds per month) see Draw only the objects specified in the question Click the graph, choose a tool in the palette and follow the instructions to create your graph All parts showing Clear All