Table 13.14 shows the output of kumquats per month.

-Suppose the following domestic demand and supply schedule for Germany's laptop industry:
a)In the absence of free trade,what is the equilibrium price and quantity traded for domestically Germany's laptop industry?
b)Suppose the international price for a laptop is €400.Will Germany export or import laptops? How many units?
c)Now suppose the German government places a €100 tariff on imported laptop.How many units will Germany import?

Question

Table 13.14 shows the output of kumquats per month.
 
-Suppose the following domestic demand and supply schedule for Germany's laptop industry:
  a)In the absence of free trade,what is the equilibrium price and quantity traded for domestically Germany's laptop industry?
b)Suppose the international price for a laptop is €400.Will Germany export or import laptops? How many units?
c)Now suppose the German government places a €100 tariff on imported laptop.How many units will Germany import?

Quizplus · Accepted Answer

The Answer of Table 13.14 shows the output of kumquats per month.
 
-Suppose the following domestic demand and supply schedule for Germany's laptop industry:
  a)In the absence of free trade,what is the equilibrium price and quantity traded for domestically Germany's laptop industry?
b)Suppose the international price for a laptop is €400.Will Germany export or import laptops? How many units?
c)Now suppose the German government places a €100 tariff on imported laptop.How many units will Germany import?

Table 1314 Shows the Output of Kumquats Per Month