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-The Above Figure Shows the Australian Market for Replacement Mobile

Question 62

Multiple Choice

  -The above figure shows the Australian market for replacement mobile phone batteries. With free trade, Australia imports ________ batteries and once the tariff illustrated in the figure is imposed, Australia imports ________ batteries. A)  900,000; 700,000 B)  800,000; 400,000 C)  300,000; 100,000 D)  900,000; 100,000 E)  700,000; 300,000
-The above figure shows the Australian market for replacement mobile phone batteries. With free trade, Australia imports ________ batteries and once the tariff illustrated in the figure is imposed, Australia imports ________ batteries.


A) 900,000; 700,000
B) 800,000; 400,000
C) 300,000; 100,000
D) 900,000; 100,000
E) 700,000; 300,000

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