With the $20 tariff, what is the 'new' price in the domestic contact lens market? Price Quantity Supplied Quantity Demanded World Price World Price + Tariff 0 0 240 100 120 20 20 220 100 120 40 40 200 100 120 60 60 180 100 120 80 80 160 100 120 100 100 140 100 120 120 120 120 100 120 140 140 100 100 120 160 160 80 100 120 180 180 60 100 120 200 200 40 100 120 220 220 20 100 120 240 240 0 100 120
With the $20 tariff, what is the 'new' price in the domestic contact lens market? Price Quantity Supplied Quantity Demanded World Price World Price + Tariff 0 0 240 100 120 20 20 220 100 120 40 40 200 100 120 60 60 180 100 120 80 80 160 100 120 100 100 140 100 120 120 120 120 100 120 140 140 100 100 120 160 160 80 100 120 180 180 60 100 120 200 200 40 100 120 220 220 20 100 120 240 240 0 100 120
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter6: Simple Pricing
Section: Chapter Questions
Problem 6.3IP
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With the $20 tariff, what is the 'new' price in the domestic contact lens market?
Price | Quantity Supplied | Quantity Demanded | World Price | World Price + Tariff |
0 | 0 | 240 | 100 | 120 |
20 | 20 | 220 | 100 | 120 |
40 | 40 | 200 | 100 | 120 |
60 | 60 | 180 | 100 | 120 |
80 | 80 | 160 | 100 | 120 |
100 | 100 | 140 | 100 | 120 |
120 | 120 | 120 | 100 | 120 |
140 | 140 | 100 | 100 | 120 |
160 | 160 | 80 | 100 | 120 |
180 | 180 | 60 | 100 | 120 |
200 | 200 | 40 | 100 | 120 |
220 | 220 | 20 | 100 | 120 |
240 | 240 | 0 | 100 | 120 |
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