Exhibit 18-6

-Refer to Exhibit 18-6. After the tariff, this country

Name: Exhibit 18-6 -Refer to Exhibit 18-6. After the tariff, this country
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Question

​Exhibit 18-6
​ 
-Refer to Exhibit 18-6. After the tariff, this country

Quizplus · Accepted Answer

After the imposition of a tariff, a country will import goods from the point where its domestic supply (after tariff) meets the domestic demand to the point where the world supply (price after tariff) meets its domestic demand. This is represented by the shift from Q₂ to Q₃ in the given options, indicating a reduction in imports due to the tariff.

​Exhibit 18-6 ​

Exhibit 18-6