Figure 9-29 The Following Diagram Shows the Domestic Demand and Domestic Supply

question 36

Short Answer

Figure 9-29
The following diagram shows the domestic demand and domestic supply curves in a market.Assume that the world price in this market is $1 per unit.
-Refer to Figure 9-29.Suppose the country imposes a $1 per unit tariff.If the country allows trade with a tariff,how many units will domestic consumers demand and how many units will domestic producers supply?

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