9. The effects of an import quota Aa Aa The calculator shows the domestic demand
ID: 1205388 • Letter: 9
Question
9. The effects of an import quota Aa Aa The calculator shows the domestic demand for and supply of barley in Canada. The horizontal brown line shows the world price of $6 for a bushel of barley. Canada imports barley primarily from the United States. Assume that the amount demanded by any one country does not affect the world price of barley Use the calculator to help you answer the following questions. Note that the calculator is just here to help you answer the questions that follow; you will not be graded on anything you do with it. Once you leave the page, the calculator will refresh to its initial values Tool tip: Use your mouse to drag the green line on the graph. The values in the boxes on the right side of the calculator will change accordingly. You can also directly change the value in the box with the white background by clicking in the box and typing. The graph and any related values will change accordingly CALCULATOR PRICE (Dollars) 24 Price [Dollars] 18 21 Domestic Demand Millions of bushels Domestic Supply Millions of bushels 18 Imports Millions of bushels) 15 12 10 20 25 QUANTITY (Millions of bushels of barley) Reset tolnitiat values Reset to Initial ValuesCalculate calculateExplanation / Answer
Price=13
Domestic demand=10
Imports=3
Domestic supply=17
D) A tariff on US barley
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