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 Canadians buy ________ million shirts per year.
Definitions:
Communication Efforts
Attempts or actions taken to convey, share, or exchange information, feelings, or ideas with others.
Expanding the Pie
A negotiation strategy aimed at increasing the available resources or options so that all parties can achieve more favorable outcomes.
Scarce Resources
Economic or environmental term referring to limited availability of resources that are desired or needed.
Conflict Structure
The underlying framework or pattern of relationships, interests, and power dynamics that characterize a conflict.
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