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The Table Below Shows the Prices in Canada of One

question 97

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The table below shows the prices in Canada of one kilogram of cheddar cheese from 3 different countries. Assume that all cheddar cheese is identical. The table below shows the prices in Canada of one kilogram of cheddar cheese from 3 different countries. Assume that all cheddar cheese is identical.   TABLE 34- 1 -Refer to Table 34- 1. Assuming that a 40 percent tariff is in place and that Canadians buy only the lowest- priced cheddar cheese, from which country will Canada buy its cheese? A) from Canada and United States B) from United Kingdom and United States C) all from the United States D) all from United Kingdom E) all from Canada TABLE 34- 1
-Refer to Table 34- 1. Assuming that a 40 percent tariff is in place and that Canadians buy only the lowest- priced cheddar cheese, from which country will Canada buy its cheese?


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