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. 
Suppose that Guatemala now imposes a 100% tariff on imported TVs. How many TVs will it now import?
Definitions:
Common Stock
A type of security that represents ownership in a corporation, entitling the holder to vote on corporate matters and receive dividends.
Paid-In Capital
Represents the funds raised by a company through the sale of its own shares rather than through borrowed capital or earnings.
Stock Dividend
A dividend payment to shareholders in the form of additional shares of stock, rather than cash.
Par Value
The nominal or face value of a bond, share of stock, or coupon as indicated on the certificate. It is a legal amount per share that represents the minimum stock value.
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