Assume there is a 35% tariff on bananas imported into the United States.Also,assume that the market competition is at its beginning and the law of one price is not in effect.If the domestic market price of Hawaiian bananas is one dollar per bunch,imported bananas will sell for ________ per bunch.
A) $0.35
B) $0.65
C) $1.00
D) $1.35
E) $1.65
Correct Answer:
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