Exhibit 18-5 -In Exhibit 18-5, If the World Price of a Baseball

question 45

Multiple Choice

Exhibit 18-5
-In Exhibit 18-5, if the world price of a baseball is $3 and a tariff of $1 per baseball is imposed in the United States, how many baseballs will be purchased in the United States?

• A)4,000
• B)6,000
• C)8,000
• D)10,000
• E)12,000

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