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Price of X $2,000 S domestic $1,800 $1,600 $1,400 $1,200 $1,000 3 World Price + Tariff $800 $600 World Price $4{]0 .............................. .. .................... ..
Price of X $2,000 S domestic $1,800 $1,600 $1,400 $1,200 $1,000 3 World Price + Tariff $800 $600 World Price $4{]0 .............................. .. .................... .. ..................... e . : I I I 1 D domestic | $200 I | 50 0 10 20 30 40 50 60 70 80 90 100 Good X a) At $800 price, how many units of good X will the domestic consumers purchase from *domestic suppliers? units. b) At $800 price, how many units of good X will have to be imported from abroad? units. c) At $800 price what is government's tax revenue from tariff on good X imported? . __ . d) With no tariff, how many units of good X can domestic suppliers supply? units e) With no tariff, how many units of good X will the domestic consumers demand? units
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