The above figure shows the U.S. market for replacement cell phone batteries. With free trade, U.S. production is equal to ________ batteries per year

When a $2 tariff is in place, U.S. production is equal to ________ batteries per year.
A) 900,000; 700,000
B) 300,000; 100,000
C) 100,000; 500,000
D) 300,000; 500,000
E) 100,000; 300,000


E

Economics

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Which of the following statements is INCORRECT?

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Economics