The figure shows the market for shirts in the United States, where D is the U.S demand curve and S is the U.S. supply curve. The world price is $20 per shirt. The United States imposes a tariff on imported shirts, $4 per shirt.
-In the figure above, with the tariff American consumers ________ million shirts per year.

Question

Quizplus · Accepted Answer

At a price of $20, American consumers will buy 40 million shirts per year.

The Figure Shows the Market for Shirts in the United