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The Table Below Shows the Prices in Canada of One

Question 62

Multiple Choice

The table below shows the prices in Canada of one kilogram of cheddar cheese produced in three different countries.Assume that all cheddar cheese is identical.  Producing Country  Canadian Price in $ C anadian Price in $ Free Trade 40% Import Tariff  Canada 10.00 United Kingdom 9.00 United States 8.00\begin{array} { | l | c | c | } \hline \text { Producing Country } & \text { Canadian Price in } \$ & \text { C anadian Price in } \$ \\\hline & \text { Free Trade } & 40 \% \text { Import Tariff } \\\hline \text { Canada } & 10.00 & \\\hline \text { United Kingdom } & 9.00 & \\\hline \text { United States } & 8.00 & \\\hline\end{array} TABLE 34- 1
-Refer to Table 34- 1.If Canada has a 40% tariff in place on the import of cheddar cheese,the price per kilogram of cheese from Canada,United Kingdom and United States respectively,is


A) $14,$12.60 and $11.20.
B) $10,$12.60 and $11.20.
C) $10,$10 and $10.
D) $14,$9.00 and $8.00.
E) $10,$9.00 and $8.00.

Correct Answer:

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