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    Exam 8: Import Tariffs and Quotas Under Perfect Competition
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    How Many Units Will a Country Import If S =
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How Many Units Will a Country Import If S =

Question 157

Question 157

Multiple Choice

How many units will a country import if S = 1P represents its home supply curve, D = 100 - 1P represents its home demand curve, and the world price is $25?


A) 25
B) 50
C) 75
D) 100

Correct Answer:

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