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History, 13.04.2020 17:53 Aracelys3946
Tea from Britain costs $2.50 to produce. It is sold in America at a price of $3.50 (to make a profit of $1.00)
Tea in America costs $3.00 to produce. It is sold at a price of $4.00 (to make a profit of $1.00)
If a 50% Tariff is enacted by the American government, how much does Tea from Britain cost?
a
$3.50
b
$5.25
c
$4.00
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Answers: 1
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Tea from Britain costs $2.50 to produce. It is sold in America at a price of $3.50 (to make a profit...
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