PRICE (Dollars per ton) 980 Domestic Demand 930 880 830 780 730 680 630 580 530 480 + 1 Domestic Supply PW 0 50 100 150 200 250 300 350 400 450 500 QUANTITY (Tons of oranges) If Zambia is open to international trade in oranges without any restrictions, it will import A tariff set at this level would raise $ (?) Suppose the Zambian government wants to reduce imports to exactly 200 tons of oranges to help domestic producers. A tariff of $ will achieve this. tons of oranges. in revenue for the Zambian government. per ton

Principles of Economics 2e
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ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter34: Globalization And Protectionism
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Problem 57P: The country of Pepperland exports steel to the Land of Submarines. Information for the quantity...
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PRICE (Dollars per ton)
980 Domestic Demand
930
880
830
780
730
680
630
580
530
480
0 50
Domestic Supply
Pw
100 150 200 250 300 350 400 450 500
QUANTITY (Tons of oranges)
If Zambia is open to international trade in oranges without any restrictions, it will import
A tariff set at this level would raise $
?
Suppose the Zambian government wants to reduce imports to exactly 200 tons of oranges to help domestic producers. A tariff of $
will achieve this.
tons of oranges.
in revenue for the Zambian government.
per ton
Transcribed Image Text:PRICE (Dollars per ton) 980 Domestic Demand 930 880 830 780 730 680 630 580 530 480 0 50 Domestic Supply Pw 100 150 200 250 300 350 400 450 500 QUANTITY (Tons of oranges) If Zambia is open to international trade in oranges without any restrictions, it will import A tariff set at this level would raise $ ? Suppose the Zambian government wants to reduce imports to exactly 200 tons of oranges to help domestic producers. A tariff of $ will achieve this. tons of oranges. in revenue for the Zambian government. per ton
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