Multiple Choice
Scenario: The following figure shows the demand curve, D, and the supply curve, S, of chairs in Barylia. Barylia is open to free trade. The world price of chairs is $3, and the government of Barylia decides to impose a $1 tariff on the import of chairs.
-Refer to the scenario above.How many chairs were imported by Barylia before the tariff was imposed by the government?
A) 25 units
B) 50 units
C) 55 units
D) 60 units
Correct Answer:

Verified
Correct Answer:
Verified
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