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Save Quantity, Q D Quantity, Q MD Quantity, Q ore help 1) In the absence of both transportation costs and artificial trade barriers, Home will A. produce 4 million tons at $10 and import 2 million tons at $12 per ton. B. produce 3 million tons and import 2 million tons, with both priced at $10 per ton. C. produce 3 million tons and import 2 million tons, with both priced at $12 per ton. D. produce 4 million tons and import 2 million tons, with both priced at $12 per ton. 2) Now suppose that Home's government buckles under political pressure from domestic barley producers and imposes a $4 per ton tariff on imported barley. Also suppose that the tariff of $4 is split evenly between the two countries. The result for the Home market is A. the elimination of imports with the price holding steady at $12 per ton. B. the elimination of imports and the restoration of $16 as the price per ton of barley. C. a reduction of imports to 1 million tons and an increase in price to $14 per ton. D. imports of 2 million tons and domestic production of 4 million tons, with both priced at $16 per ton. Search Clear all Check answer 7:57 PM 9/18/2023

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Quantity, Q
D
Quantity, Q
MD
Quantity, Q
ore help
1) In the absence of both transportation costs and artificial trade barriers, Home will
A. produce 4 million tons at $10 and import 2 million tons at $12 per ton.
B. produce 3 million tons and import 2 million tons, with both priced at $10 per ton.
C. produce 3 million tons and import 2 million tons, with both priced at $12 per ton.
D. produce 4 million tons and import 2 million tons, with both priced at $12 per ton.
2) Now suppose that Home's government buckles under political pressure from domestic barley producers and imposes a $4 per ton tariff on imported barley. Also suppose that the tariff of $4 is split evenly between the two countries. The result for the Home market is
A. the elimination of imports with the price holding steady at $12 per ton.
B. the elimination of imports and the restoration of $16 as the price per ton of barley.
C. a reduction of imports to 1 million tons and an increase in price to $14 per ton.
D. imports of 2 million tons and domestic production of 4 million tons, with both priced at $16 per ton.
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7:57 PM
9/18/2023

save quantity q d quantity q md quantity q ore help 1 in the absence of both transportation costs and artificial trade barriers home will a produce 4 million tons at 10 and import 2 million 09101

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