PLANAR 5% MINDTAP Homework (Ch 09) Back to Asignment Attempts Q Sears Keep the H
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PLANAR 5% MINDTAP Homework (Ch 09) Back to Asignment Attempts Q Sears Keep the Highest: 1/3 4. Eflects of a tariff on international trade price (Paw) of oranges is $810 per ton and is The following graph shows the domestic supply of and demand for oranges in Bangladesh. The world represented by the horlzontall black line. Throughout the question, assume that price of oranges and that there transportation or suppliers will satisty domestic demand as much as possible before any exporting or the amount demanded by any one country does not affect the world are no transportation or transaction costs associated with international trade in oranges, Also, assume that domestic 1210 Domestic Demand Domestc Supply QUANTITY (Tons of oranges)Explanation / Answer
Bangladesh will import 180.
A tariff imposed that will incrasei prices to 860 will reduce imports by 60 units.( Tariff of 50 )
Revenue for the government will increase by (60*50) = 3000
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