Refer to the Information Provided in Figure 4

question 32

Multiple Choice

Refer to the information provided in Figure 4.5 below to answer the question(s) that follow. Figure 4.5
-Refer to Figure 4.5. Assume that initially there is free trade. If the United States then imposes a $10.00 tariff per CD-Rom drive on imported CD-Rom drives,

• A) the quantity of CD-Rom drives demanded will be reduced by 6 million.
• B) the quantity of CD-Rom drives supplied by U.S. firms will increase by 3 million.
• C) the price of CD-Rom drives in the United States will decrease to $5.
• D) U.S. imports of CD-Rom drives will increase by 3 million.

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Definitions:

Hard Drive

A data storage device used for storing and retrieving digital information using rapidly rotating disks coated with magnetic material.

Dispose Of

It refers to the act of getting rid of something, typically waste or items no longer needed.

Dictionary Words

Words that are recognized and defined in a dictionary, reflecting their correct spelling, meaning, and use.

Decrypt

The process of converting encoded or encrypted data back into its original format, making it readable again.