Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter7: Demand And Supply
Section7.3: The Law Of Supply And The Supply Curve
Problem 5R
Related questions
Question
At a price of $100, domestic consumers demand how many boxes of contacts?
Transcribed Image Text:World Price plus Tariff
At a price of $100, domestic consumers demand how
many boxes of contacts?
Contact Lens Market: World Price plus Tariff
World
Quantity Quantity
World
Price
Price +
Supplied Demanded
Price
Tariff
240
80
100
20
20
220
80
100
40
40
200
80
100
60
60
180
80
100
80
80
160
80
100
100
100
140
80
100
120
120
120
80
100
140
140
100
80
100
160
160
80
80
100
180
180
60
80
100
200
200
40
80
100
220
220
20
80
100
240
240
80
100
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