The following table gives the hypothetical supply and demand of television sets in Guatemala. Guatemala is a small country that is unable to affect world prices. The world price (free-trade price) is $300 per TV set. Suppose that Guatemala now imposes a 100% tariff on imported TVs. How many TVs will it now import?
A) 0
B) 200
C) 400
D) 600

Question

The following table gives the hypothetical supply and demand of television sets in Guatemala. Guatemala is a small country that is unable to affect world prices. The world price (free-trade price) is $300 per TV set.  Suppose that Guatemala now imposes a 100% tariff on imported TVs. How many TVs will it now import?
A) 0 
B) 200 
C) 400 
D) 600

Quizplus · Accepted Answer

The Answer of The following table gives the hypothetical supply and demand of television sets in Guatemala. Guatemala is a small country that is unable to affect world prices. The world price (free-trade price) is $300 per TV set.  Suppose that Guatemala now imposes a 100% tariff on imported TVs. How many TVs will it now import?
A) 0 
B) 200 
C) 400 
D) 600

The Following Table Gives the Hypothetical Supply and Demand of Television