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Refer to the Above Diagram, Where Sd and Dd Are

Question 29

Multiple Choice

  Refer to the above diagram, where S<sub>d</sub> and D<sub>d</sub> are the domestic supply and demand for a product and P<sub>c</sub> is the world price of that product.With a per unit tariff in the amount P<sub>c</sub>P<sub>t</sub>, price and total quantity sold will be: A) P<sub>t</sub> and x. B) P<sub>c</sub> and z. C) P<sub>t</sub> and y. D) P<sub>a</sub> and x. Refer to the above diagram, where Sd and Dd are the domestic supply and demand for a product and Pc is the world price of that product.With a per unit tariff in the amount PcPt, price and total quantity sold will be:


A) Pt and x.
B) Pc and z.
C) Pt and y.
D) Pa and x.

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