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Figure 18-6
-In Figure 18-6, a $1.50 tariff given a world price of $1.00 would allow domestic suppliers to handle two-thirds of domestic demand.

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Use the following to answer questions :
Figure 18-6 
-In Figure 18-6, a $1.50 tariff given a world price of $1.00 would allow domestic suppliers to handle two-thirds of domestic demand.

Quizplus · Accepted Answer

A tariff of $1.50 would allow domestic suppliers to handle two-thirds of domestic demand because the tariff would make imported goods more expensive, making domestic goods more competitive.

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