Economic Effects of Trade Policies On the Shrimp Fisheries of the United States And the Latin American Nations
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United States Congress, House of Representatives, Committee on Ways and Means, Tariff Treatment of Shrimp Imports , Hearing before the Corjnittee, 87th Congress, 1st Session, on H.R.
6168, August 8, 1961 (Washington: Government Printing Office, 1961), p. 1.
Jaroslav Vanek, International Trade Theory and Economic Policy (Homewood; Richard D. Irwin, Inc., 1962), pp. 284-287.
154 FIGURE 12 MARKET EFFECTS OF A TARIFF 155 for the product is represented by DD. Market supply is obtained by adding dome...stic and foreign supply to form S.
plus S,. An ad valorem tariff of t*100 per cent, where t is defined as E.Ej/cE-, is levied on the product. Given the relationships indicated in the figure, the tariff would cause domestic price to rise by dPj^ and foreign price to decline by dP2. Prior to imposition of the tariff, domestic and foreign prices were equal at £3* The effect of the tariff on domestic price depends on the tariff rate, initial equilibrium price and quantity, and supply and demand elasticities.
What to read after Economic Effects of Trade Policies On the Shrimp Fisheries of the United States And the Latin American Nations?
You can find similar books in the "Read Also" column, or choose other free books by Whitaker, David Adair, 1936- to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
United States Congress, House of Representatives, Committee on Ways and Means, Tariff Treatment of Shrimp Imports , Hearing before the Corjnittee, 87th Congress, 1st Session, on H.R.
6168, August 8, 1961 (Washington: Government Printing Office, 1961), p. 1.
Jaroslav Vanek, International Trade Theory and Economic Policy (Homewood; Richard D. Irwin, Inc., 1962), pp. 284-287.
154 FIGURE 12 MARKET EFFECTS OF A TARIFF 155 for the product is represented by DD. Market supply is obtained by adding dome...stic and foreign supply to form S.
plus S,. An ad valorem tariff of t*100 per cent, where t is defined as E.Ej/cE-, is levied on the product. Given the relationships indicated in the figure, the tariff would cause domestic price to rise by dPj^ and foreign price to decline by dP2. Prior to imposition of the tariff, domestic and foreign prices were equal at £3* The effect of the tariff on domestic price depends on the tariff rate, initial equilibrium price and quantity, and supply and demand elasticities.
What to read after Economic Effects of Trade Policies On the Shrimp Fisheries of the United States And the Latin American Nations?
You can find similar books in the "Read Also" column, or choose other free books by Whitaker, David Adair, 1936- to read onlineMoreLess
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