Refer to the Accompanying Table for a Certain Product's Market

question 159

Multiple Choice

Refer to the accompanying table for a certain product's market in Econland. If the world price of the product were $6 and a tariff of $1 per unit imported is imposed, then the quantity of output that would be supplied domestically would be

• A)1,400 units, and the quantity of output that would be imported would be 800 units.
• B)1,600 units, and the quantity of output that would be imported would be 800 units.
• C)1,600 units, and the quantity of output that would be imported would be 400 units.
• D)1,400 units, and the quantity of output that would be imported would be 400 units.

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Moderately Retarded

A term previously used to describe individuals with moderate intellectual disability characterized by significantly below-average intellectual functioning and adaptive behaviors.

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