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Blizzard [7]
2 years ago
5

In 2009, the U.S. government imposed a 35% tariff on tires imported from China. (The numbers and equations used here are simplif

ied based on the results of a much more complicated model.) Demand is given by QD = 105 − 1.5P where QD is in millions of tires per year. Supply is QS = 1.5873P − 15.873. Assuming the effective tariff is $20 per tire, consumer surplus after the tariff is imposed will be $ _____. (Round your answer to the nearest integer.)
Business
1 answer:
Verdich [7]2 years ago
4 0

Answer:

In 2009, the U.S. government imposed a 35% tariff on tires imported from China. (The numbers and equations used here are simplified based on the results of a much more complicated model.) Demand is given by QD = 105 − 1.5P where QD is in millions of tires per year. Supply is QS = 1.5873P − 15.87.

Explanation:

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LO 7.1Which of the following is true in a bottom-up budgeting approach?
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Trevor's boss told him that he would now also be responsible for answering the phones and filing correspondence in addition to t
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The responsibility for answering the phones and filing correspondence in addition to the tasks is an example of extension.

<h3>What is an extension?</h3>
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Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added evenly throu
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I’m not sure if I understand this,


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