Macro EasyBib: citation styles Eat This, Not..ips and More |CCD Connect Login Pr

Question

Macro EasyBib: citation styles Eat This, Not..ips and More |CCD Connect Login Price (doliurs por T-shirt) IS Sus 10 Dus 20 35 45 60 Quantity (millions of T shirts per year) The figure above shows the US. market for T-shirts where Sus is the domestic supply curve and Dus is the domestic demand curve. The world price of a T-shirt is S5. The U.S. government imposes a $2 per unit tariff on imported T-shirts. The figure above shows that as a result of the tariff, the quantity of T-shirts produced in the United States .. and the quantity of T-shirts imported increases by 15 million per year, decreases by 30 million per year does not change; decreases by 15 million per year increases by 15 million per year: increases by 15 million per year decreases by 30 malion per year, increases by 30 million per year decreases by 15 milion per year, decreases by 30 milion per year

Explanation / Answer

a is the correct option

Reason

The increase in the domestic output will be (35-20) million =15 million

The quantity imported will decrease by (60-20) - (45-35) =30 million

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