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Refer to the above diagram, where Sd and Dd are the domestic supply and demand for a product and Pc is the world price of that product. With a per unit tariff in the amount PcPt, price and total quantity sold will be:

a. Pt and x.
b. Pc and z.
c. Pt and y.
d. Pa and x.

ANSWER:

c. Pt and y.

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