Refer to the accompanying table for a certain product's market in Econland. If the world price of the product were $6 and a tariff of $1 per unit imported is imposed, then the quantity of output that would be supplied domestically would be

A. 1,600 units, and the quantity of output that would be imported would be 400 units
B. 1,400 units, and the quantity of output that would be imported would be 400 units
C. 1,500 units, and the quantity of output that would be imported would be 300 units
D. 1,800 units, and the quantity of output that would be imported would be 600 units


Answer: A. 1,600 units, and the quantity of output that would be imported would be 400 units

Economics

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