-The above figure shows the market for rice in Japan. S₂ represents the domestic supply curve, and S₁ represents the world supply curve. Suppose a free market exists. The smallest tariff necessary to completely eliminate imported rice is

Question

-The above figure shows the market for rice in Japan. S₂ represents the domestic supply curve, and S<sub>1</sub> represents the world supply curve. Suppose a free market exists. The smallest tariff necessary to completely eliminate imported rice is A) $1 per unit. B) $2 per unit. C) $3 per unit. D) $4 per unit.

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The Answer of -The above figure shows the market for rice in Japan. S₂ represents the domestic supply curve, and S₁ represents the world supply curve. Suppose a free market exists. The smallest tariff necessary to completely eliminate imported rice is

-The Above Figure Shows the Market for Rice in Japan