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The diagram depicts the demand and supply for the import-competing industry of a SMALL country. The world price is $16. An imposition of a $6
The diagram depicts the demand and supply for the import-competing industry of a SMALL country. The world price is $16. An imposition of a $6 tariff raises the domestic price to $22. CH09.Q10 What are the amount imported and the government revenue AFTER the imposition of the tariff? Question 7Answer a. 8; 96 b. 16; 48 c. 16; 96 d. 8; 48
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Principles of Economics
Authors: Fred M. Gottheil
7th edition
978-1133962069, 9781285064444, 1133962068, 1285064445, 978-1285064437
