IA (Eco) Tariffs Diagram

[w.swimboy]

Hi,

I am in the middle of my commentary and kind of got stuck. Am writing on china imposing a tariff on some US good and don't really know which graph should i use to in a best way show this tariff?

Maybe any of you could give me some advice?

Thanks on forehand

Cheers

[Keel]

Hi,

I am in the middle of my commentary and kind of got stuck. Am writing on china imposing a tariff on some US good and don't really know which graph should i use to in a best way show this tariff?

Maybe any of you could give me some advice?

Thanks on forehand

Cheers

Another old topic unanswered.

The tariff causes the supply curve to shift from the world price S_wto S_w+Tariff. This causes the price of the good to increase from P₁ to P₂. The number of imports will decrease from Q₁Q₂ to Q₃Q₄ and the domestic production to increase from Q₁ to Q³. The two triangles represents the welfare loss due to the decrease in consumer surplus (the rectangle in the middle is not lost because its is part of the tariff tax and thus goes to the taxing government).

Edited March 14, 2011 by Keel

[Guest Frozen Camel]

Hi,

I am in the middle of my commentary and kind of got stuck. Am writing on china imposing a tariff on some US good and don't really know which graph should i use to in a best way show this tariff?

Maybe any of you could give me some advice?

Thanks on forehand

Cheers

China imposing tariffs on US chicken????

[Summer Glau]

Hi,

I am in the middle of my commentary and kind of got stuck. Am writing on china imposing a tariff on some US good and don't really know which graph should i use to in a best way show this tariff?

Maybe any of you could give me some advice?

Thanks on forehand

Cheers

China imposing tariffs on US chicken????

Haha yeah that's what one of my economics IA articles was about too