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The Following Table Gives the Hypothetical Supply and Demand of Television

Question 141

Multiple Choice

The following table gives the hypothetical supply and demand of television sets in Guatemala. Guatemala is a small country that is unable to affect world prices. The world price (free-trade price) is $300 per TV set. The following table gives the hypothetical supply and demand of television sets in Guatemala. Guatemala is a small country that is unable to affect world prices. The world price (free-trade price) is $300 per TV set. Suppose that Guatemala now imposes a 100% tariff on imported TVs. How many TVs will it now import? A) 0 B) 200 C) 400 D) 600 Suppose that Guatemala now imposes a 100% tariff on imported TVs. How many TVs will it now import?


A) 0
B) 200
C) 400
D) 600

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