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Refer to the Information Provided in Figure 4

question 135

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Refer to the information provided in Figure 4.5 below to answer the questions that follow. Refer to the information provided in Figure 4.5 below to answer the questions that follow.   Figure 4.5 -Refer to Figure 4.5. If the United States eliminates all taxes on CD-Rom drives, which of the following would occur? A)  The price of CD-Rom drives in the United States would be $15 per CD-Rom drive, and the United States would import 3 million CD-Rom drives. B)  The price of CD-Rom drives in the United States would be $25 per CD-Rom drive, and the United States would import 3 million CD-Rom drives. C)  The price of CD-Rom drives in the United States would be $15 per CD-Rom drive, and the United States would import 9 million CD-Rom drives. D)  The price of CD-Rom drives in the United States after the U.S. government eliminated all taxes on imported CD-Rom drives cannot be determined from this information. Figure 4.5
-Refer to Figure 4.5. If the United States eliminates all taxes on CD-Rom drives, which of the following would occur?


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