Multiple Choice
Suppose that the world price of resins is $100 per ton. Now suppose that the United States imposes a 10% tariff on imported resins. What is the U.S. domestic price of resins after the 10% tariff is imposed (rounded to the nearest dollar) if exporters bear half of the tariff?
A) $90
B) $100
C) $105
D) $95
Correct Answer:
Verified
Correct Answer:
Verified
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