Question

Tea from Britain costs $2.50 to produce. It is sold in America at a price of $3.50 (to make a profit of $1.00) Tea in America costs $3.00 to produce. It is sold at a price of $4.00 (to make a profit of $1.00) If there is a 50% Tariff on tea, who would you buy your tea from?

Answer 1

Answer:

I would buy my tea from Britain.