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-The Table Above Gives the Domestic Demand and Supply Schedules

Question 67

Multiple Choice

-The table above gives the domestic demand and supply schedules for a good. Suppose the world price of the good is $40 and the government imposes a $20 per unit tariff. How much will the government collect as tariff revenue? A) $320 B) $360 C) $80 D) $240 E) $160
-The table above gives the domestic demand and supply schedules for a good. Suppose the world price of the good is $40 and the government imposes a $20 per unit tariff. How much will the government collect as tariff revenue?


A) $320
B) $360
C) $80
D) $240
E) $160

Correct Answer:

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