The Figure Given Below Depicts the Negatively Sloped Demand and Positively

question 28

Multiple Choice

The figure given below depicts the negatively sloped demand and positively sloped supply curves of wheat in a country. Figure 21.2
- In Figure 21.2,if the world price of wheat is $25 and a $10 tariff is imposed:

• A)imports will decrease from 300 to 200 bushels of wheat.
• B)imports will increase from 200 to 400 bushels of wheat.
• C)imports will remain unchanged.
• D)domestic production will decrease from 200 to 150 bushels of wheat.
• E)domestic production will remain unchanged.

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