Never NEver landings
The above graph is a visual representation of what has occurred in the question. Initially Malaysia imports 10,000,000 toys into the country from the Outside World Markets. To the imports which cost $100.00 to be made by the Outside World Markets, Malaysia attaches a Tariff of $30.00 to the price, which means that the cost of the goods in Malaysia actually costs $130.00 before retailers include their mark up of prices. The following table has been designed to show how figures have been reached and provide further insight into what is actually occurring. Original Import Figures before Union between Malaysia and Indonesia has been formed Import Figures After Union Has been formed Import Level Import Level. 10,000,000 10,000,000 Outside World Market Price Malaysia Import Price from Indonesia $100.00 $110.00 Tariff Tariff $30.00 NIL Total Price Total Price $130.00 $110.00 Value of Trade to Outside World Markets Value of Trade to Indonesia $1,300,000,000.00 $1,100,000,000.00 Tariff Revenue Tariff Revenue $300,000,000.00 NIL There are a few things to notice in this data.