This graph demonstrates the domestic demand and supply for a good,as well as a tariff and the world price for that good.
According to the graph shown,if this economy were open to free trade,and decided to impose a tariff,the domestic quantity demanded would:
A) decrease from 1500 to 1150.
B) increase from 1150 to 1500.
C) increase from 815 to 1150.
D) decrease from 1150 to 815.
Correct Answer:
Verified
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