-The above figure shows the market for rice in Japan.S_Domestic represents the domestic supply curve,and S_world represents the world supply curve.If a $1 per unit tariff is imposed on imported rice,the quantity of imported rice will decrease by

Question

-The above figure shows the market for rice in Japan.S<sub>Domestic</sub> represents the domestic supply curve,and S<sub>world</sub> represents the world supply curve.If a $1 per unit tariff is imposed on imported rice,the quantity of imported rice will decrease by A) 15 units. B) 25 units. C) 35 units. D) 50 units.

Quizplus · Accepted Answer

The tariff will increase the price of imported rice by $1 per unit, which will reduce the quantity of imported rice demanded by 15 units.

-The Above Figure Shows the Market for Rice in Japan