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Question 13-16 are based on Diagram 2 Diagram 2 S\' price S\' quantity The Diagr

ID: 1131453 • Letter: Q

Question



Question 13-16 are based on Diagram 2 Diagram 2 S' price S' quantity The Diagram 2 pertains to good X for country A, where DA is the demand for X by A's consumers, SA is the supply curve of X from A's home producers, Se is the horizontal supply curve of X to country A from country B, Sc is the horizontal supply curve of X to country A from country C, and S's and S'c are the horizontal supply curves from B and C, respectively, with a tariff in place. With the tariffs in place for both countries B and C, imports of good X into country A are represented by distance 13. A. 0Q6 B. Q1Q6 C. Q2Q5 D. Q3Q4 Suppose that country A, from this initial situation where its tariff is applied to both countries B and C, now forms a customs union with country B. With this customs union in place, imports into country A are distance 14. A. Q2Qs, all of which constitute trade diversion from the non-customs union country B. Q2Qs, only part of which constitute trade diversion from the non-customs union country C. QsQ4, all of which constitute trade diversion from the non-customs union country D. QiQ6, all of which constitute trade diversion from the non-customs union country

Explanation / Answer

13 Q3Q4 because this is commodity imported at lowest point after tariff

14 B

16 D

17 B

Can answer only four questions according to chegg policy. Please send other parts as separate question

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