Multiple Choice
Refer to the figure below to answer the following questions.
The figure shows the market for shirts in Canada, where D is the domestic demand curve and S is the domestic supply curve. The world price is $20 per shirt. Canada imposes a tariff on imported shirts of $4 per shirt.
Figure 31.3.1
-Refer to Figure 31.3.1. With the tariff, Canadians buy ________ million shirts per year.
A) 48
B) 32
C) 16
D) 24
E) 40
Correct Answer:

Verified
Correct Answer:
Verified
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