The Figure Given Below Depicts the Negatively Sloped Demand and Positively

question 4

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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