Multiple Choice
Refer to the figure below to answer the following questions. Figure 7.3.1
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.
-Refer to Figure 7.3.1.With the tariff,Canada imports ________ million shirts per year.
A) 24
B) 8
C) 32
D) 16
E) 40
Correct Answer:

Verified
Correct Answer:
Verified
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