EBK ECONOMICS
EBK ECONOMICS
21st Edition
ISBN: 8220106637173
Author: McConnell
Publisher: YUZU
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Chapter 36, Problem 1P

Subpart (a)

To determine

Demand, Supply and Equilibrium in the Money Market.

Subpart (b)

To determine

Demand, Supply and Equilibrium in the Money Market.

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I need help figuring this out. I'm pretty sure this is correct?If Zambia is open to international trade in oranges without any restrictions, it will import 180 tons of oranges.I can't figure these two out: 1) Suppose the Zambian government wants to reduce imports to exactly 60 tons of oranges to help domestic producers. A tariff of ???? per ton will achieve this.   2) A tariff set at this level would raise ????in revenue for the Zambian government.
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