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    International Economics Study Set 9
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    Exam 8: Import Tariffs and Quotas Under Perfect Competition
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    (Figure: Home Market II) for the Large-Country in the Graph
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(Figure: Home Market II) for the Large-Country in the Graph

Question 57

Question 57

Multiple Choice

(Figure: Home Market II) For the large-country in the graph, the free-trade price of the product is ______ and the amount imported is _________. (Figure: Home Market II)  For the large-country in the graph, the free-trade price of the product is ______ and the amount imported is _________.   A)  $20; 30 B)  $25; 10 C)  $15; 30 D)  $15; 10


A) $20; 30
B) $25; 10
C) $15; 30
D) $15; 10

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