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Rayna Fares
on Oct 25, 2024

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(Figure: A Tariff on Oranges in South Africa) Use Figure: A Tariff on Oranges in South Africa.When the government imposes a tariff on imported oranges,the price of oranges in South Africa rises from PW to PT and the volume of imports falls to:

A) Q2 - Q1.
B) C1 - C2.
C) C1 - Q1.
D) C2 - Q2.

Volume Of Imports

Refers to the total quantity of goods and services brought into a country from abroad over a specific period of time.

Oranges In South Africa

Refers to the cultivation, production, and market dynamics of oranges within the country of South Africa.

Tariff

A tax imposed by a government on goods or services imported from other countries, often used to protect domestic industries.

  • Assess the influence of trading restrictions on international and local prices and quantity levels.
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jerrell diggsOct 29, 2024
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