Top Posters
Since Sunday
d
4
N
3
3
R
3
k
3
o
3
Z
3
j
3
s
3
d
3
J
3
1
3
New Topic  
sunnisam sunnisam
wrote...
Posts: 178
Rep: 0 0
A year ago
Suppose that at the current world price bananas are imported into Canada. Suppose also that domestic supply is perfectly inelastic and domestic demand has unit elasticity. If Canada were to place a tariff on imported bananas, the

▸ price of bananas in Canada would rise, but total domestic expenditures on bananas would be unaffected.

▸ revenues of the foreign exporters of bananas would rise.

▸ quantity imported would be unaffected.

▸ quantity imported would rise.

▸ price of bananas in Canada would rise, but total domestic expenditures on bananas would fall.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
Read 56 times
1 Reply
Replies
Answer verified by a subject expert
lampardlampard
wrote...
Posts: 134
Rep: 1 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

sunnisam Author
wrote...

A year ago
Brilliant
wrote...

Yesterday
Helped a lot
wrote...

2 hours ago
Good timing, thanks!
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1507 People Browsing
Related Images
  
 331
  
 241
  
 540
Your Opinion
Which country would you like to visit for its food?
Votes: 262