Figure $19-5$

Suppose the U$.$S$.$ government imposes a $\backslash (\backslash$$ $0\mathrm{.}75\backslash )$ per pound tariff on coffee imports.

Figure $19-5$ shows the impact of this tariff.

Refer to Figure $19-5.$ Following the imposition of tariff, what is the price that domestic consumers must now pay and what is the quantity puchased?

Price: $\backslash (\backslash$$ $3\backslash )$ per pound, Quantity: $30$ million pounds.

Price: $\backslash (\backslash$$ $2\mathrm{.}5\backslash )$ per pound, Quantity: $36$ million pounds.

Price: $\backslash (\backslash$$ $2\mathrm{.}5\backslash )$ per pound, Quantity: $24$ million pounds

Price: $\backslash (\backslash$$ $1\mathrm{.}75\backslash )$ per pound, Quantity $45$ million pounds