(Table: Export Supply Elasticities) This Table Gives the Foreign Elasticity

question 115

Multiple Choice

(Table: Export Supply Elasticities) This table gives the foreign elasticity of supply for several types of U.S. steel imports. For which product is the U.S. optimal tariff the smallest?

• A) alloy steel
• B) steel bars and rods
• C) steel tubes and pipes
• D) steel flat-rolled products

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