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  3. The world producer price for baseballs is ＄24 per dozen, and almost all of them

The world producer price for baseballs is ＄24 per dozen, and almost all of them

游客2025-06-21  9
问题 The world producer price for baseballs is ＄24 per dozen, and almost all of them are produced outside the U.S. Suppose the U.S demand curve is QD=100,000-2,000P, where P is price per dozen, and Q is measured in dozens. The U. S domestic supply curve is QS=-10,000 + 1,000P.
(a) Before a tariff is imposed, what is the U. S equilibrium price? Domestic consumption? Domestic production? Imports?
(b)Congress has decided to help the baseball manufacturing industry for national security reasons, and it imposes a tariff of ＄6 per dozen. What are the new equilibrium price, domestic consumption, domestic production, and imports?
选项
答案 (a)Without a tariff, the domestic equilibrium price is the world price of ＄24. The domestic consumption equilibrium is QD(24)=100,000-2,000(24)=52,000. Domestic supply is QS(24)=-10,000+1,000(24)=14,000, so imports equal 38,000.
(b)The new equilibrium price is 24+6=＄30. After the tariff, domestic demand is QD(30)= 100,000-2,000(30)=40,000, and domestic supply is QS(30)=-10,000+1,000(30) = 20,000; imports therefore fall to 20,000.
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