Price $10 9 8 7 6 5 4 3 2 1 Demand Subsidy Supply 0 10 20 30 40 50 60 70 80 90 100 Quantity Total gains from trade: $ a. Without the subsidy, what are the total gains from trade?
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- What Type of attraction are in Uk? and which are the main Characteristcs of supply? (what make different from the rest of the world)The figure provided shows the market for calculators. Price of calculators $45 40- 30- 20 20 10 10 5 S world price with tariff world price D 50 100 200 300 400 500 600 700 800 900 Quantity of calculators After the $15 tariff is imposed, producer surplus is: $10,000. $3,000. $6,250. $2,000.price supply domestic price- $35 import price + tarif $20 demand 100 300 500 650 850 quantity Based on the graph above, if there is a tariff of $15 per unit imposed on imports in this market: A. 750 units will be imported and tariff revenue to the government will be $11.250 B. 650 units will be imported and tariff revenue to the government will be $9,75O C. 350 units will be imported and tariff revenue to the government will be $5.250 D. 300 units will be imported and tariff revenue to the government will be $4,500
- The figure to the right shows the U.S. demand and supply for leather footwear. Under autarky, the consumer surplus is area OA. S + V OB. R. OC. S. OD. R+S+V. Price $54 30 24 0 R S V W Q TU X Y Q₁ Q₂ US Supply World price US Demand Quantity of leather footwearFigure 3-19 Price Refer to Figure 3-19. The total gains from trade, representing both producer and consumer surplus combined, is shown by the area O ABC O ACD BCE Quantity DCELilliput imports rope from Brobdingnag, where ropeproducers are subsidized by the government becauseof their great political clout. The most efficientpolicy from the standpoint of Lilliput is toa. continue trading at the subsidized price.b. place a tariff on rope imports to offset thesubsidy.c. give a similar subsidy to the rope producers ofLilliput.d. stop trading with Brobdingnag.
- The figure provided shows the market for calculators. Price of calculators 5454 40 30 20 10 5 world price with tariff 1 50 100 200 300 400 500 600 700 800 900 Quantity of calculators Consumer surplus at the world price, $5, is: $125. $900. $16,000. $4,000. world price D NextThink about the mobile-market is in equilibrium. Suppose that, as part of a trade policy, the government imposes the tax on mobile-import. Will this affect the supply or the demand? Why? How this will affect the consumer surplus and producer surplus? Show graphically with before- and after-effects on the same graph. How will this change the equilibrium price and quantity of mobile? Explain your reasoning.Labor unions and businesses in the heavy equipment industry have asked the U.S. Congress to place a tax on imported equipment in order to make it more expensive. They hope that this will allow U.S. producers to be more competitive. The U.S. heavy equipment industry appears to be seeking a(n): 1 CAVAB li Nacəf Telman revenue tariff. 03 Maliyya protective tariff. injunction. import licensing.. 01 40/2 nontariff barrier. rup Активация Windows Əvvalki Növbəti Bütün suallar Qeyd olunanlar Cari Vəziyyət 82 F Sunny C 4) AZE 15:30 18.06.202 TOSHIBA
- The figure below illustrates the impact of an export subsidy as imposed by a large country. No imports are permitted. Price e D D₁ Da O d. O b. O (d+i+j). O (b + f + g). Si Domestic price with subsidy -World price World price with subsidy Quantity The production effect of the export subsidy is shown by area(s)I newconnect.mheducation.com Connect Mc Graw Macro- International Trade Happy Domestic Market No Trade Economics Mentor No International Trade Consumer surplus, on the other hand, is the difference between the price consumers are willing and able to pay for contacts and the actual price that they pay. Vivan Graphically, consumer surplus is the area from the market price up to the demand curve and over to o Quantity Supplied Quant the equilibrium quantity. Domestic Market Price Quantity Supplied Quantity Deman Got it! So what is total consumer 240 20 20 220 surplus in the contact lens market? 40 40 200 Julio 60 60 180 80 80 160 100 109 140 120 120 120 140 140 100 Enter a response then click Submit below 160 160 80 180 180 60 200 200 40 220 220 Submit 20 240 240 O 自 國 hp 144 %23 %24 4 6. 7. 8. T. C. 10 95 %24The figure below illustrates the impact of an export subsidy as imposed by a large country. No imports are permitted. Price D D₁ O d. O b. So O (d+i+j). O (b+f+g). S₁ D Sa The production effect of the export subsidy is shown by area(s) Domestic price with subsidy World price World price with subsidy Quantity
