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    Microeconomics Theory and Applications
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    Exam 9: Properties and Applications of the Competitive Model
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    -The Above Figure Shows the Market for Rice in Japan
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-The Above Figure Shows the Market for Rice in Japan

Question 29

Question 29

Multiple Choice

  -The above figure shows the market for rice in Japan.SDₒmₑstᵢc represents the domestic supply curve,and Swₒᵣld represents the world supply curve.The smallest tariff necessary to completely eliminate imported rice is A)  $1 per unit. B)  $25 per unit. C)  $50 per unit. D)  Not enough information.
-The above figure shows the market for rice in Japan.SDₒmₑstᵢc represents the domestic supply curve,and Swₒᵣld represents the world supply curve.The smallest tariff necessary to completely eliminate imported rice is


A) $1 per unit.
B) $25 per unit.
C) $50 per unit.
D) Not enough information.

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