Draw a point at the quantity of raspberries demanded

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Question - The graph shows the Canadian demand for and supply of raspberries. Draw the world price line when the world price of raspberries is $3.00 a kilogram. Label it World price. Now the Canadian government imposes a tariff of $0.50 a kilogram on raspberries imported into Canada. Draw a line to show what happens to the price of raspberries. Label it World price+tariff.

Draw a point at the quantity of raspberries demanded by Canadian consumers at the world price plus tariff.Label it 1. Draw a point at the quantity of raspberries supplied by Canadian producers at the world price plus tariff.Label it 2. Draw a shape that represents the amount of tariff revenue.

Reference no: EM133276523

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