Refer to the Information Provided in Figure 4

question 102

Multiple Choice

Refer to the information provided in Figure 4.5 below to answer the questions that follow. Figure 4.5
-Refer to Figure 4.5. Assume that initially there is free trade. The quantity demanded of CD-Rom drives will be reduced by 3 million CD-Rom drives if the United States imposes ________ tax per CD-Rom drive on imported CD-Rom drives.

• A) no
• B) a $10
• C) a $15
• D) a $25

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Definitions:

United States Supreme Court

The highest federal court in the U.S., which has ultimate appellate jurisdiction over all federal courts and state court cases involving issues of federal law.