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.With free trade domestic production is

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.With free trade domestic production is

Quizplus · Accepted Answer

With free trade, the price is $10, which is lower than the domestic price of $20, leading to increased domestic production to 100 units.

Refer to the Information Provided in Figure 19