Question

OT DU UNS QUESTION 4 Price of the Dollar per Care 19 . Dones . 7 Word. Vodice + Osim 1 2 2 8 . 10 Quantity of Energy Drinks (
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer: This country imports 4 thousand cans of energy drinks.

With trade and tariff, this country imports 4 thousand cans of energy drinks.

Med pollene Donech 7 Basic Demand 2 S . 7 8 Energy Drinks (Thousands of Cans

From the figure, we see that, with trade and tariff, the price of energy drinks in this country is $3 per can. At this price, the quantity demanded for energy drinks in this country is 7,000 cans and the quantity supplied of  energy drinks in this country is 3,000 cans. So, the domestic demand is more than the domestic supply by 4,000 cans (7,000 - 3,000). The amount of excess demand for energy drinks is imported from abroad.

Therefore, with trade and tariff, this country imports 4,000 cans of energy drinks.

_________________________________________________________

Add a comment
Know the answer?
Add Answer to:
OT DU UNS QUESTION 4 Price of the Dollar per Care 19 . Dones . 7...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • If the nominal interest rate is 10 percent and the inflation rate is 4 percent, then...

    If the nominal interest rate is 10 percent and the inflation rate is 4 percent, then what is the real interest rate? Enter numbers only. Do not enter letters or symbols. Price of Energy Drinks (Dollars per Can) 10 mesta Supply 8 7 6 3 World Price Tax 2 A World Price 1 Domestic Demand 0 1 2 3 6 7 8 9 10 Quantity of Energy Drinks (Thousands of Cans) Refer to the Figure above. With trade and tariff,...

  • 1. Reference: Ref 19-4 (9-4) (Figure: Foreign Trade with a Tariff) Refer to the figure. A...

    1. Reference: Ref 19-4 (9-4) (Figure: Foreign Trade with a Tariff) Refer to the figure. A $1 tariff results in: a. an increase in imports of 80 million units. b. a decrease in imports of 80 million units. c. an increase in imports of 100 million units. d. a decrease in imports of 100 million units. 2. In 1845, French economist Frédéric Bastiat famously compared tariffs to blocking out the sun since both low-priced imports and free sunlight discourage domestic...

  • Trade policy. The demand for high-end Workstations in the United States is given by QD =...

    Trade policy. The demand for high-end Workstations in the United States is given by QD = 100 − P , where QD is the quantity demanded expressed in thousands of units, and P is the price measured in thousands of dollars. The supply is given instead by QS = P. For this exercise we will assume that the US are a small country in the world’s Workstations market and that the prevailing world price is given by P W =...

  • Tariff Analytical Question: Figure: A Tariff on Oranges in South Africa Price of oranges Domestic supply Pt 5.00 G Pw3....

    Tariff Analytical Question: Figure: A Tariff on Oranges in South Africa Price of oranges Domestic supply Pt 5.00 G Pw3.00 Domestic demand P-1.00 100 150 250 290 Quantity of oranges Use the following graph and information to answer the following questions: 1) Assume that the world price of Oranges (Pw) is $3.00 per pound. Domestic Quantity Supply is 100, and the Domestic Quantity Demanded is 290 at the current world price of $3.00 What is the level of imports in...

  • w a s Chapter 62006%20Trade%20Exercises%20Winter%202020%20Exercise%20-%201CM.pdf Open Economy (International Trade) The domestic Maize Market for a small...

    w a s Chapter 62006%20Trade%20Exercises%20Winter%202020%20Exercise%20-%201CM.pdf Open Economy (International Trade) The domestic Maize Market for a small closed economy of country XYZ is shown in the model below, and world price is $10/ton. Suppose the government of country XYZ decides to add tariff ($4/ton of import maize) to reduce imports. The model is shown below: Maize Market with Tariff S(domestic) Price/ton Domestic Price (with tariff) -- World Price Ddomestic) 32 35 4 5 25 30 18 20 22 Quantity of tons...

  • QUESTION 16 If the world price of cotton is less that the price that would occur...

    QUESTION 16 If the world price of cotton is less that the price that would occur domestically without trade, then a country will decrease its demand for cotton and increase its demand for cotton substitutes increase its demand for cotton and decrease its demand for cotton substitutes import cotton export cotton QUESTION 17 A trade quota is a restriction on the quantity of goods that can be imported a tax on imports a tax on exports the restriction of trade...

  • Figure 9-15 Price per Saddle Domeslic Supply 2 Tariff World Price Domestic Demand Qi 02 Q3...

    Figure 9-15 Price per Saddle Domeslic Supply 2 Tariff World Price Domestic Demand Qi 02 Q3 Q Quantity of Saddles Refer to Figure 9-15. With trade and without a tariff, the price and domestic quantity demanded are Pi and Q1- Pi and Q4 P2 and Q2- P2 and Q3.

  • Malaysian government has imposed import tariffs on imported photocopy machine from China to protect their local...

    Malaysian government has imposed import tariffs on imported photocopy machine from China to protect their local industry from foreign competition. Given are the two equations of domestic demand and supply of photocopy machine in Malaysia: Demand: Qd= 135 - 5P Supply: Qs= 15 + 15P where Q denotes quantity (in thousand units) and P denotes price (in RM thousand per unit). i) If the world price is RM5 thousands per unit and import tariff of 10% is imposed, determine the...

  • Domestic Supply World Price+tarrif World Price Domestic Demand 32 36 40 0 4 8 12 16...

    Domestic Supply World Price+tarrif World Price Domestic Demand 32 36 40 0 4 8 12 16 20 24 28 44 48 52 a Refer to Figure. With trade, you can deduce that country Imports 24 units of the good and gains from trade are $ 240 a. Imports 24 units of the good and gains from trade are $ 480 Ob. Imports 20 units of the good and gains from trade are $ 200 Imports 20 units of the good...

  • 1. Suppose that we know the following demand and supply equations of a good as: po=10+20°...

    1. Suppose that we know the following demand and supply equations of a good as: po=10+20° pº = 40- 1A (Spoints) Draw the graph of the above demand and supply (must clearly label and appropriately scale the axes for full marks). 1B (5points) Find the equilibrium quantity and price, algebraically (must clearly show your work all appropriate steps for full marks)? IC (4 points) At the equilibrium price found in part B, find the consumer and producer surpluses (must clearly...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT