Show how the tax affects the market for roquefort cheese


Problem

At the beginning of the 2000s, the United States imposed high import taxes on a number of European goods due to a trade dispute. One of these goods was Roquefort cheese. Show how this tax affects the market for Roquefort cheese in the United States, shifting the appropriate curve and indicating a new equilibrium quantity and market price.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Show how the tax affects the market for roquefort cheese
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