Question

refer to figure 9 - 11. what is the size of the tariff on carnations? $8 $2 $4 $6

Explanation:

Step1: Recall the formula for tariff

Tariff = Price with tariff - World price.

Step2: Identify the values from the graph

From the graph, the price with tariff is $6 and the world price is $4.

Step3: Calculate the tariff

Tariff = $6 - $4 = $2.

Answer:

$2