Refer to the following graph. Suppose the graph depicted market demand for British cars sold in the United States. A tariff of $1,000 a car would result in tax revenue of:
A)$10 million.
B)less than $10 million.
C)greater than $10 million.
D)zero.

Question

Refer to the following graph.  Suppose the graph depicted market demand for British cars sold in the United States. A tariff of $1,000 a car would result in tax revenue of:
A)$10 million. 
B)less than $10 million. 
C)greater than $10 million. 
D)zero.

Quizplus · Accepted Answer

The Answer of Refer to the following graph.  Suppose the graph depicted market demand for British cars sold in the United States. A tariff of $1,000 a car would result in tax revenue of:
A)$10 million. 
B)less than $10 million. 
C)greater than $10 million. 
D)zero.

Refer to the Following Graph