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Below Is Some Data on the Output of Kumquats in Smith

Question 45

Multiple Choice

Below is some data on the output of kumquats in Smith Island.
Below is some data on the output of kumquats in Smith Island. -Refer to information above to answer this question.If Smith Island imposed a tariff on kumquats of $3 per kilo,what would be the equilibrium price and quantity traded? A) $5 and 80. B) $6 and 70. C) $12 and 130. D) $12 and 0. E) $12 and 70.
-Refer to information above to answer this question.If Smith Island imposed a tariff on kumquats of $3 per kilo,what would be the equilibrium price and quantity traded?


A) $5 and 80.
B) $6 and 70.
C) $12 and 130.
D) $12 and 0.
E) $12 and 70.

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