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Refer to the Above Diagram, Where Sd and Dd Are

Question 121

Multiple Choice

Refer to the above diagram, where S<sub>d</sub> and D<sub>d</sub> are the domestic supply and demand for a product and P<sub>c</sub> is the world price of that product.With a per unit tariff of P<sub>c</sub>P<sub>t</sub>, the total amount of tariff revenue collected on this product will be: A) P<sub>a</sub>P<sub>t</sub> times wy. B) P<sub>c</sub>P<sub>t</sub> times x. C) P<sub>c</sub>P<sub>t</sub> times wy. D) P<sub>c</sub>P<sub>t</sub> times z. Refer to the above diagram, where Sd and Dd are the domestic supply and demand for a product and Pc is the world price of that product.With a per unit tariff of PcPt, the total amount of tariff revenue collected on this product will be:


A) PaPt times wy.
B) PcPt times x.
C) PcPt times wy.
D) PcPt times z.

Correct Answer:

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