Economics
posted by Chloe .
Consider a country that initially consumes 100 pairs of shoes per hour, all of which are imported. The price of shoes is $40 per pair before a ban on importing them is imposed. Use a graph to explain what happens to the price of shoes and the quantity of shoes consumed after a total ban on imports.

So, how may be HELP you? Do you need t o know how to set up a graph? If so, try here:
http://www.google.com/search?q=how+to+do+a+graph+&ie=utf8&oe=utf8&aq=t&rls=org.mozilla:enUS:official&client=firefoxa
Sra 
Consider a country that initially consumes 100 pairs of shoes per hour, all of which are imported. The price of shoes is $40 per pair before a ban on importing them is imposed. Use a graph to explain what happens to the price of shoes and the quantity of shoes consumed after a total ban on imports.
Respond to this Question
Similar Questions

economic
ASSIGNMENT 5: DUE 4.00PM, 4/09/08 1. A competitive firm uses coal to generate electricity. Its supply curve is Q = 300P  1000, where Q is quantity produced (units of electricity per year), and P is market price of electricity per … 
economics. urgent
Assuming that shoes have a world price of US$60 a pair, that the EU has a 45% ad valorem import duty on footwear which applies to all types of footwear and an Italian company is proposing a project to substitute 150,000 pairs of imported … 
Math
A shoe manufacturer determines that the annual cost of making x pairs of one type of shoe is $30 per pair plus $100,000 in fixed overhead costs. Each pair of shoes that is manufactured is sold wholesale for $50. a. Find the equations … 
alegebra
if i bought 4 pairs of shoes for $325.50 and later bought another pair of shoes for $35, what was the mean cost of all the pairs of shoes? 
Math
Mr. Logan purchased $390 in clothing (excluding sales tax). He bought 5 identical shirts, 3 identical pairs of pants and 2 identical pairs of shoes. Each pair of shoes cost twice the combined value of one shirt and a pair of pants. … 
math
jeff bought 6 pairs of shoes and 4 jerseys for 560. Jersies cost 1/4 price of one pair of shoes. Find price of shoes and price of jersey 
math words problem
Rich’s weekly salary is based on the number of pairs of shoes he sells. He is paid a base salary of $25, plus $5 for every pair of shoes he sells. The relationship between his pay (p) and pairs of shoes (s) sold can be represented … 
math
Obama bought a pair of shoes at 20% discount.If he saved $700,calculate: the original price of the pair of shoes the sale price of the pair of shoes 
International Economics
Please use one graph per country and show both the autarky and the free trade equilibrium on each graph. Consider the following data on the factor endowments of two countries A and B: Countries Factor Endowments A B Labor force: L … 
Business Math
Craig runs a business importing shoes from Italy and selling them in Namibia. For the below questions (a – g), rounds your answers to cents (two decimal places). a) If the Euro / Namibian dollar exchange rate is € 1 = N$ 13.90 …