-Refer to Exhibit 34-7.Assume that the current price of good X is $25 (which includes a $10 tariff on imports of good X).The government collects tariff revenue on good X in the amount of
A) $100
B) $200
C) $250
D) $300
E) There is not enough information to answer this question.

Question

-Refer to Exhibit 34-7.Assume that the current price of good X is $25 (which includes a $10 tariff on imports of good X).The government collects tariff revenue on good X in the amount of
A) $100 
B) $200 
C) $250 
D) $300 
E) There is not enough information to answer this question.

Quizplus · Accepted Answer

The Answer of 
-Refer to Exhibit 34-7.Assume that the current price of good X is $25 (which includes a $10 tariff on imports of good X).The government collects tariff revenue on good X in the amount of
A) $100 
B) $200 
C) $250 
D) $300 
E) There is not enough information to answer this question.