The figure shows the market for shirts in the United States, where D is the domestic demand curve and S is the domestic supply curve. The world price is $20 per shirt. The United States imposes a tariff on imported shirts, $4 per shirt.
-In the figure above, the U.S. governmentʹs revenue from the tariff is _________.
A) $64 million
B) $32 million
C) $48 million
D) $128 million
Correct Answer:
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