If a nation that imports a good imposes a tariff, itwill increasea. the domestic quantity demanded.b. the domestic quantity supplied.c. the quantity imported from abroad.d. the efficiency of the equilibrium

Q: Demand: P=420-60Qd Supply: P=2+20QS a. With free trade and an international price of $60 per barrel,…

A: Demand : P = 420 - 60Q 60Q = (420-P) Q = (420-P)/60   Supply : P = 2 + 20Q 20Q = (P-2)  Q = (P-2)/20…

Q: Draw a graph showing clearly the quantity and their price in US dollars. Insert an image of your…

A: The following calculations are done below:

Q: Figure 7-2 Price (dollar per pound) U.Supply $3.00 2.50 Py+Tar World price, P US. demand 175 0.500…

A: Tariffs, in the most basic terms, are taxes. It increases the price of imported goods for consumers…

Q: This is homework question, not for exam. Pls help me with this problem, I will upvote -) As part…

A: As economies and societies developed, the study of economics got more complicated. Hence, as a…

Q: donetic P Tariff Tar Revenue Damestic Quantity b. What are the price-quantity effects of this tariff…

A: When U.S. does not have the comparative advantage in the production of said commodity, it cannot…

Q: Required: a) calculate how many units of good A will be imported by the country? b) Calculate the…

A: Answer -  "Thank you for submitting the questions.But, we are authorized to solve only 3 sub parts…

Q: a) What is a tariff ? Does a tariff have a result from an import quota? b) Suppose a tariff allowed…

A: Hey, Thank you for the question. According to our policy we can only answer 1 question per session.…

Q: Who gains from imports? O Consumers. O Producers O Overall the nation benefits from it. O A and C.

A: Meaning of Trade: The term trade refers to the situation under which the products and goods are…

Q: Suppose before tariff, the price of imported avocado from Mexico to United States is $1.15 and 792…

A: Answer; Tariff collected is 172.59

Q: Which country is an importing country? (How do I figure this out?) How much is the amount of import?…

A: A market is a place where the buyers and sellers in the economy interact with each other and the…

Q: Domestic Supply Price $13 8. $1.00 Tertt World Price Domestic Demand 30 40 60 84 96 Quantity 2. a.…

A: "Since you have posted a question with multiple subparts, we will solve the first three subparts for…

Q: Assume that there are only two countries in the world: Venezuela and the U.S. Venezuela's demand…

A: A demand curve shows the relationship between quantity demanded and price in a given market on a…

Q: (Figure: The Markets for Pineapples in Brazil) Use Figure: The Market for Pineapples in Brazil.…

A: Excess demand:-  Excess demand can be explained as the market condition when quantity of commodities…

Q: Suppose Zimbabwe's Government had successfully imposed a tariff on its international manufacturers.…

A: In Zimbabwe, domestic equilibrium quantity and price is given by intersection of domestic demand and…

Q: 4. (20%) Depict on graph and briefly explain economic consequences of export tariff: for exporters;…

A: A tariff on goods exported from a country is known as an export tariff. Tariffs are used by…

Q: The nation of textilia Does not allow imports of clothing. In it’s equilibrium Without trade, a…

A: In the market transactions, the consumers and the producers gain benefits by interacting with each…

Q: The European Union has a "variable levy" on imports of butter. This means that when the world price…

A: When the world is set below the equilibrium price, there exists shortage because quantity demanded…

Q: Who are benefited from a tariff on imports ? O A. producers and government. O B. producers O C.…

A: Answer to the question is as follows :

Q: Figure 7-2 Price (dollars per pound) $3.00 2.50 1.75 0.500 0 $6 million. $21 million. 15 $30…

A: Import quota is a kind of restriction imposed by the Government so that the importers would not able…

Q: home opens up to trade. How does home's export supply curve change, if at all, the population growth…

A: When a country opens up to commerce, capital and labor shift to industries where they can be used…

Q: 4) How does an increase in the number of product varieties benefit an importing country?

A: (4) (i) The exports and imports define the financial transactions of trade and are being limited by…

Q: xplain how government use administrative trade to boost export and restrict imports. Provide an…

A: The policy which is executed by the government to control the imports in the nation is termed…

Q: The graph attached shows the car market in Mexico when Mexico places no restriction on the quantity…

A: 1. The world price of a car = $10,000, Suppose if the government of Mexico introduces a $2,000…

Q: Consider two countries, home and foreign and a single good, Y. Assume that home country imports good…

A: Given: MD = 170 – 2PY EX = PY – 40 Note: Due to multiple subparts being posted, the first three…

Q: 400 Domestic Demand Domestic Supply 460 430 400 370 PS 340 310 280 250 220 180 20 60 QUANTITY (Tons…

A: In closed economy, the equilibrium price of wheat is $340 and quantity is 100 tons of wheat but in…

Q: If a nation that imports a good imposes a tariff, it willincreasea. the domestic quantity…

A: Tariffs and quotas are economic measures that allow a government to limit the amount of services or…

Q: Price ($/ton) US 350 L B. 300 200 H. Dus 100 10 Quantity of Sugar (milliontons) 15 20 Ising the…

A: Equilibrium is achieved at the output level where quantity demanded equals quantity supplied.

Q: A semiconductor is a key component in your laptop, cell phone, and iPod. The table provides…

A: The equilibrium price of a commodity is established at the intersection of its demand and supply…

Q: rom the figure it is apparent that O Uganda will experience a surplus of coffee if trade is not…

A:

Q: 4. a) How much is imported before and after the tariff? b) How much tariff revenue is paid to the…

A: A tariff is a tax rate imposed by a country on imported goods. This was usually implemented for the…

Q: computer producers. Hence, they decide to impose a 30% tariff (a tax on imports) on imported…

A: Disclaimer: “Since you have asked multiple questions, we will solve the first two subparts question…

Q: 1. Explain in  detail a) What is the welfare impact of quotas compared to tariffs? b) Which one of…

A: a. Tariff is the tax imposed by the government on the good imported within the boundaries of a…

Q: e figure below shows the domestic demand (Dd) and domestic supply d) curves of mopeds in a country…

A: We have, World Price = Pw= $750 New export price with quota = Pw+q = $715 Domestic Price = Pd = $800…

Q: a. In the absence of trade, what is the equilibrium price and equilibrium quantity? b. The…

A: Hi, thanks for the question. As per the guidelines we are allowed to attempt the first three…

Q: 4. The graph shows Home's Import Demand and Foreign's Export Supply. If a tariff by the Home country…

A:

Q: d price of rice is $1.25 per kilogram. Quantity demanded (millions kg) 2,100 2,150 2,200 2,250 2,300…

A: Equilibrium is achieved at the output level where quantity supplied equals quantity demanded.

Q: Question 3 Like tariffs, quotas tend to lead to higher prices and reduced imports. increased…

A: Tariff is a form of taxation which is imposed during international trade by a country on the…

Q: Suppose before tariff, the price of imported avocado from Mexico to United States is $1.06 and 898…

A: 10Q) Answer; Deadweight Loss = $10.02

Q: The nation of Theopolis recenty put a tariff on the importation of washing machines. Which of the…

A: If a tariff is imposed on the import of washing machines, then it raises the domestic price of…