Figure 9-14

-Refer to Figure 9-14.With the tariff,the quantity of saddles imported is

Question

Figure 9-14
 
-Refer to Figure 9-14.With the tariff,the quantity of saddles imported is

Quizplus · Accepted Answer

The tariff increases the price of saddles from P₁ to P₂. As a result, the quantity demanded decreases from Q₁ to Q₃, and the quantity supplied increases from Q₁ to Q₂. The difference between Q₃ and Q₂ represents the decrease in imports due to the tariff, which is equal to Q₃ - Q₂. Therefore, the answer is B.

Figure 9-14 -Refer to Figure 9-14.With the Tariff,the Quantity of Saddles Imported