Please find the answer for this Question.I need all answers pls i will give 5 upvotes Suppose the Canadian demand for and the Japanese supply of cars to Canada is shown in the table below (quantities in thousands).Price($)10,500Quantity DemandedQuantity Supplied(before tariff)2008011,00018010011,50016012012,00014014012,50012016013,00010018013,5008020014,00060220and quantity isQuantity supplied(after tariff)a) The present equilibrium price is $1thousand.b) Suppose that the Canadian government imposes a $3,000 per car tariff on imported Japanese cars. Show the new supply in the lastcolumn above.c) The new equilibrium price is $and quantity isthousand.d) The total revenue received by the government will be $million.ise) Assume, instead, that the government imposes an import quota of 80,000 cars. The new equilibrium price is $thousand.and quantityf) Does the government now receive any revenue? (Click to select)

a) The present equilibrium price and quantity are determined by the intersection of the demand and…

Answered: Suppose the Canadian demand for and the…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Philibert Enterprises Inc is a manufacturing and distribution company that is engaged insupplying exotic Caribbean Food products of high quality for the European and NorthAmerican markets. The Product Quality and consistency of supplies of the product are twocritical success factors. Philibert Enterprises Inc. has been using its website as its principalpoint of contact for its customers It recently won a major contract to supply the Marks&Spencer chain in the UK, where persons of Caribbean origin are a significant group in thepopulation. This is in addition to the growing popularity of Caribbean Cuisineinternationally. High productivity levels are necessary to meet the product quality anddelivery time requirements. The Marketing Manager is expected to work closely with theHuman Resource Manager to develop a reward system that will enable greater reliabilitywith respect to response time and assure quality and compliance with HACCAP1requirements. 1. Outline the factors that…

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