The following question are based on the following graphs for men's shirts in South Korea and the United States. The exchange rate is 1,200 won equals $1.00.
-If the United States imposes a tariff on imported men's shirts,the price of a man's shirt in the United States probably is
A) below $30.
B) $30.
C) between $30 and $40.
D) $40.
E) over $40.
Correct Answer:
Verified
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