Refer to the figure below to answer the following questions.
The figure shows the market for shirts in Canada, where D is the domestic demand curve and S is the domestic supply curve.world price is $20 per shirt.Canada imposes a tariff on imported shirts of $4 per shirt.
Figure 15.3.1
-Refer to Figure 15.3.1.The Canadian government's revenue from the tariff is

Question

Refer to the figure below to answer the following questions.
  The figure shows the market for shirts in Canada, where D is the domestic demand curve and S is the domestic supply curve.world price is $20 per shirt.Canada imposes a tariff on imported shirts of $4 per shirt.
Figure 15.3.1
-Refer to Figure 15.3.1.The Canadian government's revenue from the tariff is

Quizplus · Accepted Answer

The government's revenue from the tariff is calculated by multiplying the tariff per unit by the number of units imported. The correct calculation based on the figure would yield $64 million.

Refer to the Figure Below to Answer the Following Questions