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

-From Figure 21.4, determine the total volume of U.S. cocoa imports if its government imposes tariff at the rate of $2 per pound on cocoa.

Question

The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S.Figure 21.4
 
-From Figure 21.4, determine the total volume of U.S. cocoa imports if its government imposes tariff at the rate of $2 per pound on cocoa.

Quizplus · Accepted Answer

Without access to Figure 21.4, we can't directly determine the total volume of U.S. cocoa imports based on a tariff imposition. However, the correct answer to a question like this typically relies on analyzing the effects of a tariff on import quantities, which can include shifts in supply and demand curves. The answer provided here is based on the assumption that the question is hypothetical and not tied to specific data from the figure mentioned.

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