Figure 9-6
The figure illustrates the market for roses in a country.
-Refer to Figure 9-6.With trade and without a tariff,

Question

Figure 9-6
The figure illustrates the market for roses in a country. 
-Refer to Figure 9-6.With trade and without a tariff,

Quizplus · Accepted Answer

The figure shows that the domestic price is equal to the world price both with and without a tariff, indicated by the overlapping supply and demand curves with a horizontal axis for quantity and a vertical axis for price. Therefore, choice A is correct, and choices B, C, and D are incorrect.

Figure 9-6 The Figure Illustrates the Market for Roses in a Country