Multiple Choice
In the diagram in Question #8 above, suppose that country A, from this initial situation where its tariff is applied to both countries B and C, now forms a customs union with Country C. With the formation of this customs union, the amount of imports of good X into country A would be represented by the distance __________.
A) OQ6
B) Q1Q6
C) Q2Q5
D) Q3Q4
Correct Answer:
Verified
Correct Answer:
Verified
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