Suppose the supply curve of imports is infinitely elastic at the world price. Using a graph show

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Suppose the supply curve of imports is infinitely elastic at the world price. Using a graph show how high a tariff the country must set to completely prevent imports from coming into the country.

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Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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Question Posted: Mar 18, 2016 04:53 AM

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Suppose the supply curve of imports is infinitely elastic at the world price. Using a graph show

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To completely prevent imports from coming into a cou...View the full answer

Microeconomics

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