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The graph below shows a competitive global market for select computer parts. Use this picture to answer questions and . Price $80 50 110 Domestic Supply = P - 30 170 Demand=250-P Q 4) According to the picture above, how much money would a $20 tariff on imports generate? a. None b. $1,600 c. $2,200 d. $2,400 e. $3,400 5) Imagine that for this market the government is threatening to ban imports altogether. If consumers could organize and lobby against this policy, what is the maximum they would be willing to pay to discourage this policy? a. Nothing b. $1,600 c. $3,600 d. $8,400 e. There is no maximum amount.

The graph below shows a competitive global market for select computer parts. Use this picture to answer questions and . Price $80 50 110 Domestic Supply = P - 30 170 Demand=250-P Q 4) According to the picture above, how much money would a $20 tariff on imports generate? a. None b. $1,600 c. $2,200 d. $2,400 e. $3,400 5) Imagine that for this market the government is threatening to ban imports altogether. If consumers could organize and lobby against this policy, what is the maximum they would be willing to pay to discourage this policy? a. Nothing b. $1,600 c. $3,600 d. $8,400 e. There is no maximum amount.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Explain all option compulsary......you will not explain all option then I will give you down upvote...
The graph below shows a competitive global market for select computer parts. Use this picture to answer questions and . Price $80 50 110 Domestic Supply = P - 30 170 Demand=250-P Q 4) According to the picture above, how much money would a $20 tariff on imports generate? a. None b. $1,600 c. $2,200 d. $2,400 e. $3,400 5) Imagine that for this market the government is threatening to ban imports altogether. If consumers could organize and lobby against this policy, what is the maximum they would be willing to pay to discourage this policy? a. Nothing b. $1,600 c. $3,600 d. $8,400 e. There is no maximum amount.
Transcribed Image Text:The graph below shows a competitive global market for select computer parts. Use this picture to answer questions and . Price $80 50 110 Domestic Supply = P - 30 170 Demand=250-P Q 4) According to the picture above, how much money would a $20 tariff on imports generate? a. None b. $1,600 c. $2,200 d. $2,400 e. $3,400 5) Imagine that for this market the government is threatening to ban imports altogether. If consumers could organize and lobby against this policy, what is the maximum they would be willing to pay to discourage this policy? a. Nothing b. $1,600 c. $3,600 d. $8,400 e. There is no maximum amount.
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