Figure: A Tariff on Oranges in South Africa
(Figure: A Tariff on Oranges in South Africa) Look at the figure A Tariff on Oranges in South Africa.When the government imposes a tariff on imported oranges, the price of oranges in South Africa rises from PW to PT and the volume of imports falls to:
A.Q₂ - Q₁.
B.C1 - C2.
C.C1 - Q₁.
D.C2 - Q₂.
Correct Answer:
Verified
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