Asked by
Kathrine Aira Pascua
on Dec 08, 2024
Verified
Refer to Figure 4.1. If a 10-cent-per-apple tax is levied on imported apples, the United States will
A) import 2 million apples per day.
B) import 4 million apples per day.
C) import 6 million apples per day.
D) import 8 million apples per day.
Per-apple Tax
A unit tax applied specifically to the sale of apples, affecting their market price per unit.
Imported Apples
Apples that are brought into one country from another to be sold in the domestic market.
United States
A country located in North America, comprising 50 states, a federal district, and several territories, known for its diverse geography and multicultural population.
- Acquire knowledge on how taxes affect imported commodities and what it means for internal market dynamics.
Verified Answer
RL
Learning Objectives
- Acquire knowledge on how taxes affect imported commodities and what it means for internal market dynamics.