This Graph Demonstrates the Domestic Demand and Supply for a Good,as

question 139

Multiple Choice

This graph demonstrates the domestic demand and supply for a good,as well as a tariff and the world price for that good.
According to the graph shown,the original world price is _______ and the amount of the tariff is _________.

• A)$100;$30
• B)$100;$130
• C)$175;$45
• D)$215;$115

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Definitions:

Formal Operational Stage

A stage in Piaget's theory of cognitive development, typically beginning around age 12, when individuals develop the ability to think abstractly, logically, and systematically.

Acculturate

The process of adopting the cultural traits or social patterns of another group.

Parental Supervision

The act of overseeing or managing children's activities and behavior by a parent or guardian.

Racial-Ethnic Group

People with distinctive racial and cultural characteristics.