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Scenario: Suppose the World Price Is $2 Per Bushel, and U.S

Question 48

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Scenario: Suppose the world price is $2 per bushel, and U.S. wheat growers are dissatisfied with the level of wheat imports into the United States. They lobby Congress for a $1 per bushel tariff on imported wheat. The following figure shows the U.S. wheat market.
Scenario: Suppose the world price is $2 per bushel, and U.S. wheat growers are dissatisfied with the level of wheat imports into the United States. They lobby Congress for a $1 per bushel tariff on imported wheat. The following figure shows the U.S. wheat market.    -Refer to the scenario above.How much wheat is imported into the United States after the imposition of the tariff? A)  3 million metric tons B)  4 million metric tons C)  6 million metric tons D)  10 million metric tons
-Refer to the scenario above.How much wheat is imported into the United States after the imposition of the tariff?


A) 3 million metric tons
B) 4 million metric tons
C) 6 million metric tons
D) 10 million metric tons

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