PRICE (Dollars per ton) 510 Domestic Demand 480 450 420 390 360 330 300 Domestic Supply ☑ 270 240 PW 210 0 30 60 90 120 150 180 210 240 270 300 QUANTITY (Tons of maize) If Bolivia is open to international trade in maize without any restrictions, it will import 180 tons of maize. Suppose the Bolivian government wants to reduce imports to exactly 120 tons of maize to help domestic producers. A tariff of $ achieve this. per ton will A tariff set at this level would raise $ in revenue for the Bolivian government.

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Chapter1: Making Economics Decisions
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If Bolivia is open to international trade in maize without any restrictions, it will import tons of maize. Suppose the Bolivian government wants to reduce imports to exactly 120 tons of maize to help domestic producers. A tariff of per ton will achieve this. A tariff set at this level would raise in revenue for the Bolivian government.

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PRICE (Dollars per ton)
510
Domestic Demand
Domestic Supply
480
450
420
390
360
330
300
270
240
P
W
210
0 30
60
90 120 150 180 210 240
270
300
QUANTITY (Tons of maize)
If Bolivia is open to international trade in maize without any restrictions, it will import
180 tons of maize.
Suppose the Bolivian government wants to reduce imports to exactly 120 tons of maize to help domestic producers. A tariff of $
achieve this.
A tariff set at this level would raise $
in revenue for the Bolivian government.
per ton will
Transcribed Image Text:PRICE (Dollars per ton) 510 Domestic Demand Domestic Supply 480 450 420 390 360 330 300 270 240 P W 210 0 30 60 90 120 150 180 210 240 270 300 QUANTITY (Tons of maize) If Bolivia is open to international trade in maize without any restrictions, it will import 180 tons of maize. Suppose the Bolivian government wants to reduce imports to exactly 120 tons of maize to help domestic producers. A tariff of $ achieve this. A tariff set at this level would raise $ in revenue for the Bolivian government. per ton will
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