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Question 2 The world producer price for baseballs is ＄24 per dozen, and almost all of them

Question 2

The world producer price for baseballs is ＄24 per dozen, and almost all of them are produced outside the U.S. Suppose the U.S demand curve is QD=100,000-2,000P, where P is price per dozen, and Q is measured in dozens. The U. S domestic supply curve is QS=-10,000 + 1,000P.

(a) Before a tariff is imposed, what is the U. S equilibrium price？ Domestic consumption？ Domestic production？ Imports？

(b)Congress has decided to help the baseball manufacturing industry for national security reasons, and it imposes a tariff of ＄6 per dozen. What are the new equilibrium price, domestic consumption, domestic production, and imports？

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发布时间：2020-10-30

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第1题

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第2题

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第3题

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第4题

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第7题

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第8题

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第10题

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