Refer to the Figure Below to Answer the Following Questions

question 51

Multiple Choice

Refer to the figure below to answer the following questions.

The figure shows the market for shirts in Canada, where D is the domestic demand curve and S is the domestic supply curve.The world price is $20 per shirt.Canada imposes a tariff on imported shirts of $4 per shirt.
Figure 7.3.1
-Refer to Figure 7.3.1,with the tariff Canada imports ________ million shirts per year.

• A)24
• B)8
• C)32
• D)16
• E)40

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Definitions:

Media Richness Hierarchy

A concept categorizing communication media according to their capacity to effectively convey information, ranging from rich media like face-to-face interactions to lean media like text messages.

Media Richness

refers to the ability of a communication medium to effectively convey information and promote understanding.

Promote Learning

Actions or strategies aimed at enhancing the acquisition of knowledge, skills, attitudes, and behaviors among individuals or groups.

Timely

Occurring at a suitable or opportune moment, ensuring relevance and effectiveness.