-Refer to the Above Diagram,where S_d and D_d Are the Domestic

question 120

Multiple Choice

-Refer to the above diagram,where S_d and D_d are the domestic supply and demand for a product and P_c is the world price of that product.With a per unit tariff in the amount P_cP_t,price and total quantity sold will be:

• A) P_t and x.
• B) P_c and z.
• C) P_t and y.
• D) P_a and x.