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The diagram below shows the domestic demand and supply curves for denim jeans in Canada. The prevailing world price is PW. Assume that all jeans are identical. Price PD --- BIC Pw+t -- i I J K L i D e la la Oz la Quantity of denim jeans FIGURE 34-2 37) Refer to Figure 34-2. Suppose Canada has free trade in jeans and then imposes a tariff of $t per pair Canada's production will then be at the quantity A) Q1 B) Q2 C) Q3 D) 04 E) Q5
LA IDUL 25. Again, the government places a $36 per unit tax on the buyers of widgets. Attie Wiew equilibrium, the price received by sellers will be A) $164 B) $182 (c) $196 D) $204 E) $216 236 = 1000 - 2Q F) $218 G) $224 HS2301) $232 J) $236 Q:382
22. The socially optimal number of units of snow-plowing that the community should purchase is: A) 10 B) 14 C)15 D ) 18 E) 20 F) 22 V' =60-2x G25 H) 28 D) 30 J) none of the above
