Multiple Choice
Exhibit 17.3

-Refer to Exhibit 17.3, which shows the supply of and demand for baseballs in the United States. If the world price is $3 per baseball and a tariff of $1 per baseball is imposed, then the number of baseballs purchased in the United States is _____
A) 4,000
B) 6,000
C) 8,000
D) 10,000
E) 12,000
Correct Answer:
Verified
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