The figure shows the market for shirts in the United States, where D is the domestic demand curve and S is the domestic supply curve. The world price is $20 per shirt. The United States imposes a tariff on imported shirts of $4 per shirt.
-In the figure above, with the tariff the United States imports ________ million shirts per year.
A) 24
B) 8
C) 32
D) 16
Correct Answer:
Verified
Q64: A tariff is imposed on a good.
Q65: Q66: An import quota is Q67: The Smoot-Hawley Act Q68: Average tariff levels in the United States Q70: The Smoot-Hawley Act introduced Q71: An import quota is a Q72: The current U.S. average tariff rate Q73: Which of the following best describes the Q74: Of the following, in which decade were![]()
A) a tariff that
A) made most tariffs illegal.
B)
A) opportunities for expanding
A) tariff imposed
A) less
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