Need help on Questions 9 and 10. Is the tariff imposed on the equilibrium price at $6 or is it imposed on the World Trade price at $2?
Homework Answers
9.
Tariff is imposed on imports. So,
New tariff=100% of world price=2*100%=$2
10.
New tariff price=world price+tariff=2+2=$4
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Need help on Questions 9 and 10. Is the tariff imposed on the
equilibrium price at...
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can you answer question 3 only plz thank you i need it as soon
as possible
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*(increase/Decrease) by
$__________, and the government collects
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