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-The Above Figure Shows the Australian Market for Replacement Mobile

Question 56

Multiple Choice

-The above figure shows the Australian market for replacement mobile phone batteries. Suppose the Australian government imposes the tariff illustrated in the figure. The tariff is equal to ________ and the price Australian consumers pay ________ compared to the price paid when there was free trade. A) $14; increases B) $14; decreases C) $2; increases D) $2; decreases E) $12; increases
-The above figure shows the Australian market for replacement mobile phone batteries. Suppose the Australian government imposes the tariff illustrated in the figure. The tariff is equal to ________ and the price Australian consumers pay ________ compared to the price paid when there was free trade.


A) $14; increases
B) $14; decreases
C) $2; increases
D) $2; decreases
E) $12; increases

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