Refer to the Information Provided in Figure 20

question 212

Multiple Choice

Refer to the information provided in Figure 20.4 below to answer the question(s) that follow. Figure 20.4
-Refer to Figure 20.4. The domestic price of a leather wallet is $20. With free trade the price of a leather wallet is $10 and after a tariff is imposed the price is $15. With free trade domestic consumption is

• A) 0.
• B) 100.
• C) 150.
• D) 300.

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