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Exhibit 19-5 -In Exhibit 19-5, If the World Price of a Baseball

question 53

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Exhibit 19-5
Exhibit 19-5 -In Exhibit 19-5, if the world price of a baseball is $3 and a tariff of $1 per baseball is imposed in the United States, which area represents the United States' net loss as a result of the tariff? A) a + b + c + e B) b + c + e C) b + c D) c + e E) b + f
-In Exhibit 19-5, if the world price of a baseball is $3 and a tariff of $1 per baseball is imposed in the United States, which area represents the United States' net loss as a result of the tariff?

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