The following graph shows U.S. demand for and domestic supply of a good. Suppose the world price of the good is $1.00 per unit and a specific tariff of $0.50 per unit is imposed on each unit of imported good. In such a case, _____.
A) 25 units will be exported
B) 25 units will be imported
C) 50 units will be exported
D) 50 units will be imported
E) 10 units will be exported
Correct Answer:
Verified
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