The Figure Given Below Depicts the Negatively Sloped Demand and Positively

question 63

Multiple Choice

The figure given below depicts the negatively sloped demand and positively sloped supply curves of wheat in a country. Figure 20.2 In Figure 20.2, if the world price per bushel of wheat is $25 and a tariff of $10 is imposed by the domestic government, what is the domestic demand?

• A)400 bushels
• B)450 bushels
• C)200 bushels
• D)300 bushels
• E)150 bushels

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