The following graph shows the supply of and demand for baseballs in the United States.If the world price is $3 per baseball and a tariff of $1 per baseball is imposed,then the number of baseballs imported is _____.
Definitions:
Ownership
The legal right or interest that an individual or entity has in an asset or property.
Corporate Form of Organization
A legal structure for a business recognized as a separate legal entity from its owners, providing limited liability protection, and able to raise capital through issuing shares.
Limited Liability
A legal structure that limits the amount of financial risk and liability to the amount a person has invested in a company.
Shareholders
Individuals or entities that own one or more shares of stock in a corporation, giving them certain rights and potential financial benefits based on the company's performance.
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