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please provide correct ans. following graph shows the domestic demand for and supply of maize in New Zealand. The world price ( PW) of maize
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following graph shows the domestic demand for and supply of maize in New Zealand. The world price ( PW) of maize is $250 per ton and is layed as a horizontal black line. Throughout the question, assume that all countries under consideration are small, that is, the amount demanded ny one country does not affect the worid price of maize and that there are no transportation or transaction costs associated with international e in maize. Also, assume that domestic suppliers will satisfy domestic demand as much as possible before any exporting or importing takes place. (?) Back Reload Page Open Frame in New Tab Open Frame in New Window Save Frame As Print Frame If New Zealand is open to international trade in maize without any restrictions, it will import tons of maize. Suppose the New Zealond government wants to reduce imports to exactly 100 tons of maize to help domestic producers. A tariff of per ton will achieve this. A tanff set at this level would raise in revenue for the New Zealand government Step by Step Solution
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