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The Following Table Gives the Hypothetical Supply and Demand of Television

question 98

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The following table gives the hypothetical supply and demand of television sets in Guatemala. Guatemala is a small country that is unable to affect world prices. The world price (free-trade price) is $300 per TV set. The following table gives the hypothetical supply and demand of television sets in Guatemala. Guatemala is a small country that is unable to affect world prices. The world price (free-trade price)  is $300 per TV set.   Who will benefit from Guatemala's 100% tariff on imported TVs? A)  Guatemala's consumers B)  Guatemala's TV producers C)  Guatemala's TV importers D)  foreign TV manufacturers Who will benefit from Guatemala's 100% tariff on imported TVs?


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