The table below shows the prices in Canada of one kilogram of cheddar cheese from 3 different countries. Assume that all cheddar cheese is identical.
TABLE 34- 1
-Refer to Table 34- 1. If Canada has a 40 percent 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, $9.00 and $8.00.
B) $14, $12.60 and $11.20.
C) $10, $12.60 and $11.20.
D) $10, $10 and $10.
E) $10, $9.00 and $8.00.
Correct Answer:
Verified
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