Figure 17-13
-In Figure 17-13, if the world price of a baseball is $3 and a tariff of $1 per baseball is imposed in the United States, how many baseballs will the United States import?
A) 4,000
B) 6,000
C) 8,000
D) 10,000
E) 12,000

Question

Figure 17-13 
-In Figure 17-13, if the world price of a baseball is $3 and a tariff of $1 per baseball is imposed in the United States, how many baseballs will the United States import?
A) 4,000 
B) 6,000 
C) 8,000 
D) 10,000 
E) 12,000

Quizplus · Accepted Answer

The tariff of $1 per baseball raises the domestic price of baseballs to $4. At this price, the quantity demanded in the United States is 6,000 baseballs. The quantity supplied domestically is 2,000 baseballs. Therefore, the United States will import 4,000 baseballs.

Figure 17-13 -In Figure 17-13, If the World Price of a Baseball