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28 Mar 2018

Refer to the figure below to answer the following questions. Price Idollars per shirt 57616 700 0 8 16 24 32 40 48 56 64 Quantity Imillions of shirts per year) The figure shows the market for shirts in Canada, where D is the domestic demand curve and S is the domestic supply curve. The world price is $20 per shirt Canada imposes a tariff on imported shirts of S4 per shirt. Figure 5 Canada's imports of shirts by million shirts per 26) Refer to Figure 5. the tariff year A) increases: 8 decreases: 16 C) increases: 4 D) decreases: 8 E) increases: 16

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Jamar Ferry
Jamar FerryLv2
28 Mar 2018

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