The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S.Figure 21.4

-In order to protect key industries, some countries impose taxes on their exports instead of imports, mainly because it is easier to collect taxes from the export industry.

Question

The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S.Figure 21.4
 
-In order to protect key industries, some countries impose taxes on their exports instead of imports, mainly because it is easier to collect taxes from the export industry.

Quizplus · Accepted Answer

The statement is unrelated to the graph and is incorrect. The graph only shows the demand and supply curves of cocoa in the U.S. It does not provide any information about taxation policies.

The Figure Below Shows the Demand (D) and Supply (S)