The diagram below shows the domestic demand and supply curves for denim jeans in Canada.The prevailing world price is PW.Assume that all jeans are identical.
FIGURE 34- 2
-Suppose Canada implements new border procedures that require goods arriving from Country X to be held for 60 days in a bonded warehouse.This new policy is and is likely to .

Question

The diagram below shows the domestic demand and supply curves for denim jeans in Canada.The prevailing world price is PW.Assume that all jeans are identical.
  FIGURE 34- 2
-Suppose Canada implements new border procedures that require goods arriving from Country X to be held for 60 days in a bonded warehouse.This new policy is and is likely to .

Quizplus · Accepted Answer

The new border procedures requiring goods from Country X to be held for 60 days in a bonded warehouse is a non-tariff barrier, as it is not a tax on imports but rather a regulation on the movement of goods across borders. This new policy is likely to reduce imports from Country X because it increases the cost and time required to bring in goods from that country, which will make imports less attractive to Canadian consumers and businesses.

The Diagram Below Shows the Domestic Demand and Supply Curves