-The above figure shows the U.S.market for replacement cell phone batteries.With free trade,U.S.production is equal to ________ batteries per year.When a $2 tariff is in place,U.S.production is equal to ________ batteries per year.

Question

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With free trade, U.S. production is lower due to international competition, resulting in 100,000 batteries produced domestically. When a $2 tariff is imposed, domestic production increases to 300,000 batteries per year as the tariff makes imported batteries more expensive, encouraging consumers to buy domestically produced batteries.

-The Above Figure Shows the U