Below Is a Graph Illustrating the Market for Mustard Seeds

question 63

Multiple Choice

Below is a graph illustrating the market for mustard seeds in Rysen III.(Sd is domestic supply,and Dd is domestic demand. ) .The world price of mustard seeds is $100.

-Refer to the graph above to answer this question.Suppose that the government introduces a tariff of $20 on mustard seeds.What will be the new price?

• A)$100.
• B)$120.
• C)$130.
• D)$140.
• E)$150.