Pls help with below homework. Select the correct option and explain in 5-6 sentence only. Exhibit 30-1Quantity of Imports Quantity of Exports PriceDemandedSupplied(S)204118216831410412125101468167188Refer to Exhibit 30-1. If the importing country imposes atariff of $2 per unit, the new equilibrium price will beO $5.$4.O $7.O $6.

Equilibrium is achieved at a point where quantity of imports demanded is equal to quantity of…

Exhibit 30-1 Quantity of Imports Quantity of Exports Price (S) Demanded Supplied 20 4 1 18 2 16 8 3 14 10 4 12 12 5 10 14 6 8 16 7 18 8 Refer to Exhibit 30-1. If the importing country imposes a tariff of $2 per unit, the new equilibrium price will be O s. $4.

Exhibit 30-1 Quantity of Imports Quantity of Exports Price (S) Demanded Supplied 20 4 1 18 2 16 8 3 14 10 4 12 12 5 10 14 6 8 16 7 18 8 Refer to Exhibit 30-1. If the importing country imposes a tariff of $2 per unit, the new equilibrium price will be O s. $4.

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter19: Economic Development

Section: Chapter Questions

Problem 2.3P

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