The figure given below depicts the negatively sloped demand and positively sloped supply curves of wheat in a country. Figure 21.2
- In Figure 21.2,if the world price per bushel of wheat is $25 and a tariff of $10 is imposed by the domestic government,what is the domestic demand?

Question

The figure given below depicts the negatively sloped demand and positively sloped supply curves of wheat in a country. Figure 21.2 
- In Figure 21.2,if the world price per bushel of wheat is $25 and a tariff of $10 is imposed by the domestic government,what is the domestic demand?

Quizplus · Accepted Answer

The correct answer is A because the domestic demand is 400 bushels when the world price per bushel of wheat is $25 and a tariff of $10 is imposed by the domestic government.

The Figure Given Below Depicts the Negatively Sloped Demand and Positively