The Diagram Below Shows Supply and Demand Curves for Bicycles

The diagram below shows supply and demand curves for bicycles in the domestic Canadian market.Assume that all bicycles are identical. FIGURE 33-4 Refer to Figure 33-4.Suppose the world price of bicycles is $200 and Canada has in place a 50% import tariff on this good.The Canadian government will collect tariff revenue in the amount of ________ per year.

A) $0.5 million
B) $1.0 million
C) $1.5 million
D) $2.0 million
E) $2.5 million