The following figure shows the annual domestic demand and supply for 10 GB compact flash cards for
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a. Assume that the worldwide price of these 10 GB cards is $10. What percent of United States sales would be imported?
b. Assume the U.S. government puts a $5 tariff per card on imports. How many 10 GB flash cards would be imported into the United States?
c. Given the tariff in question (b), how much revenue would the government collect from this tariff?
d. Given the tariff in question (b), how much more sales revenue would domestic companies enjoy as a result of the tariff?
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a At 10 unit total sales will be 16 million with imports equal to the d...View the full answer
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