
-The above figure shows the Australian market for replacement mobile phone batteries. With free trade, Australia imports ________ batteries and once the tariff illustrated in the figure is imposed, Australia imports ________ batteries.
A) 900,000; 700,000
B) 800,000; 400,000
C) 300,000; 100,000
D) 900,000; 100,000
E) 700,000; 300,000
Correct Answer:
Verified
Q65: Which type of policy instrument raises the
Q66: If a tariff is imposed on imports
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