Refer to the information provided in Figure 19.4 below to answer the questions that follow.
Figure 19.4
-Refer to Figure 19.4.The domestic price of a leather wallet is $20.With free trade the price of a leather wallet is $10 and after a tariff is imposed the price is $15.After the tariff is imposed,this country will import ________ leather wallets.

Question

Refer to the information provided in Figure 19.4 below to answer the questions that follow.
  Figure 19.4
-Refer to Figure 19.4.The domestic price of a leather wallet is $20.With free trade the price of a leather wallet is $10 and after a tariff is imposed the price is $15.After the tariff is imposed,this country will import ________ leather wallets.

Quizplus · Accepted Answer

With the tariff, the price of a leather wallet is $15. The country will import the difference between domestic demand and domestic supply at this price. Assuming the figure shows that at $15, the country imports 100 leather wallets.

Refer to the Information Provided in Figure 19