Refer to the Figure Below to Answer the Following Questions

question 29

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 31.2.1
-Refer to Figure 31.2.1,with the tariff Canada imports ________ million shirts per year.

• A)24
• B)8
• C)32
• D)16
• E)40

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Definitions:

Refractory Period

In neural processing, a brief resting pause that occurs after a neuron has fired; subsequent action potentials cannot occur until the axon returns to its resting state. In human sexuality, a resting period that occurs after orgasm, during which a person cannot achieve another orgasm.

Asexual

Describes an individual who does not experience sexual attraction to others.

American System

A historical economic plan in the United States that advocated for a strong role for federal government in the economy, emphasizing protective tariffs, national bank, and infrastructure improvements.

Federal Funds

Refers to reserves that banks lend to each other overnight to maintain their reserve requirements, often influencing interest rates.