Question: Suppose the domestic demand function for widgets in a small country is given by P = 10 - Q and supply function by P =

Suppose the domestic demand function for widgets in a small country is given by P = 10 - Q and supply function by P = 2Q. A tariff of $1 per unit is equivalent to a quota of Question 28Select one: a. 1.5 units. b. .5 units. c. 1.25 units. d. 1 unit. e. .75 units

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