if the world price is 5 dollars and import quota 300. The price after the quota will be ? I dont understand how to read this graph and make real sense the data and how it is affected by the tax. I struggle with the formulas needed to make conclusions about the information
if the world price is 5 dollars and import quota 300. The price after the quota will be ? I dont understand how to read this graph and make real sense the data and how it is affected by the tax. I struggle with the formulas needed to make conclusions about the information
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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if the world
I dont understand how to read this graph and make real sense the data and how it is affected by the tax.
I struggle with the formulas needed to make conclusions about the information

Transcribed Image Text:Price of
calculators
S
$45
40
30
world price with tariff
20
10
world
price
50 100 200 300 400
500 600 700 800 900
Quantity of calculators
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