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Exhibit 17.2 -Refer to Exhibit 17.2, Which Shows U.S. Demand for and U.S

question 35

Multiple Choice

Exhibit 17.2
Exhibit 17.2    -Refer to Exhibit 17.2, which shows U.S. demand for and domestic supply of a good. Suppose the world price of the good is $1.00 per unit and a specific tariff of $0.50 per unit is imposed on each unit of the imported good. In such a case, _____ A)  25 units will be exported. B)  25 units will be imported. C)  50 units will be exported. D)  50 units will be imported. E)  10 units will be exported.
-Refer to Exhibit 17.2, which shows U.S. demand for and domestic supply of a good. Suppose the world price of the good is $1.00 per unit and a specific tariff of $0.50 per unit is imposed on each unit of the imported good. In such a case, _____


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