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CENGAGE |MINDTAP Homework (Ch 09) The following graph shows the domestic supply of and demand for oranges in Jordan. The world price (Pw) of oranges is $800 per ton and is represented by the horizontal black line. Throughout the question, assume that the amount demanded by any one country does not affect the world price of oranges and that there are no transportation or transaction costs associated with international trade in oranges. Also, assume that domestic suppliers will satisfy domestic demand as much as possible before any exporting or importing takes place. (?) 1295 Domestic Demand Domestic Supply 1240 1185 PRICE (Dollars per ton) 1130 1075 1020 965 910 855 800 745 40 80 120 160 200 240 280 320 360 400 QUANTITY (Tons of oranges) If Jordan is open to international trade in oranges without any restrictions, it will import tons of oranges. Suppose the Jordanian government wants to reduce imports to exactly 160 tons of oranges to help domestic producers. A tariff of $ per ton will achieve this. A tariff set at this level would raise $ in revenue for the Jordanian government