The answer is 7875 please show math and explain why The figure provided shows the U.S. domestic market for calculators.Price ofcalculators$454030world price with tariff20.... ...10worldprice5...50 100 200 300 400500600 700800 900Quantity of calculatorsIf the world price is $5 and an import quota of 300 is imposed, the loss to the United States is, innumerals, $

The equilibrium price and equilibrium quantity of a good sold in the market are determined by the…

The figure provided shows the U.S. domestic market for calculators. Price of calculators $45 40 30 world price with tariff 10 world price D. 50 100 200 300 400 500 600 700 800 900 Quantity of calculators If the world price is $5 and an import quota of 300 is imposed, the loss to the United States is, in numerals, $_ 20

The figure provided shows the U.S. domestic market for calculators. Price of calculators $45 40 30 world price with tariff 10 world price D. 50 100 200 300 400 500 600 700 800 900 Quantity of calculators If the world price is $5 and an import quota of 300 is imposed, the loss to the United States is, in numerals, $_ 20

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The answer is 7875 please show math and explain why

The figure provided shows the U.S. domestic market for calculators.
Price of
calculators
$45
40
30
world price with tariff
20
.... ...
10
world
price
5
...
50 100 200 300 400
500
600 700
800 900
Quantity of calculators
If the world price is $5 and an import quota of 300 is imposed, the loss to the United States is, in
numerals, $

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