What would be the effective rate of protection


Question 1: What would be the effective rate of protection on bicycles in China if China places a 35 percent tariff on?bicycles, which have a world price of $220?, and no tariff on bike? components, which together have a world price of $110??

Question 2: The effective rate of protection? (ERP) is enter your response here percent.

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Microeconomics: What would be the effective rate of protection
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