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* Question Completion Status: QUESTION 46 Figure 9-2 Price (dollars per pound) US Supply B $1.00 Pw + tariff E 0.60 World price (Pw J K US Demand 15 31 42 Quantity of rice (millions of pounds) Suppose the U.S. government imposes a $0.40 per pound tariff on rice imports. Figure 9-2 shows the impact of this tariff. Refer to Figure 9-2. The tariff causes domestic consumption of rice to fall by 11 million pounds. to rise by 6 million pounds. to fall by 27 million pounds. to rise by 16 million pounds. Click Save and Submit to save and submit. Click Save All Answers to save all answers. C1

* Question Completion Status: QUESTION 46 Figure 9-2 Price (dollars per pound) US Supply B $1.00 Pw + tariff E 0.60 World price (Pw J K US Demand 15 31 42 Quantity of rice (millions of pounds) Suppose the U.S. government imposes a $0.40 per pound tariff on rice imports. Figure 9-2 shows the impact of this tariff. Refer to Figure 9-2. The tariff causes domestic consumption of rice to fall by 11 million pounds. to rise by 6 million pounds. to fall by 27 million pounds. to rise by 16 million pounds. Click Save and Submit to save and submit. Click Save All Answers to save all answers. C1

Exploring Economics
Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter28: International Trade
Section: Chapter Questions
Problem 11P
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* Question Completion Status: QUESTION 46 Figure 9-2 Price (dollars per pound) US Supply A. $1.00 Pw + tariff 0.60 G World price (Pw H J K US Demand 15 31 42 Quantity of rice (millions of pounds) Suppose the U.S. government imposes a $0.40 per pound tariff on rice imports. Figure 9-2 shows the impact of this tariff. Refer to Figure 9-2. The tariff causes domestic consumption of rice O to fall by 11 million pounds. O to rise by 6 million pounds. O to fall by 27 million pounds. to rise by 16 million pounds. Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers
Transcribed Image Text:* Question Completion Status: QUESTION 46 Figure 9-2 Price (dollars per pound) US Supply A. $1.00 Pw + tariff 0.60 G World price (Pw H J K US Demand 15 31 42 Quantity of rice (millions of pounds) Suppose the U.S. government imposes a $0.40 per pound tariff on rice imports. Figure 9-2 shows the impact of this tariff. Refer to Figure 9-2. The tariff causes domestic consumption of rice O to fall by 11 million pounds. O to rise by 6 million pounds. O to fall by 27 million pounds. to rise by 16 million pounds. Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers
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