Question
please explain in detail number 18 and make sure i can understand ur handwriting please

17) The world price is 40

When the trade is allowed, since the world price is less than domestic price, the country will become an importer of 1800-600 =1200 units

option(D)

18) With the tariff, the price increases to 40+20 = 60 where QD=1500 and QS=900 so Imports = 1500-900 = 600 units so imports decrease by 300 and domestic production increased by 300

option(C)

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