Multiple Choice
Figure 9-5
Suppose the U.S. government imposes a $0.75 per pound tariff on coffee imports. Figure 9-5 shows the impact of this tariff.
-Refer to Figure 9-5. If the tariff was replaced by a quota which limited coffee imports to 12 million pounds, the amount of revenue received by coffee importers would equal
A) $6 million.
B) $21 million.
C) $30 million.
D) $36 million.
Correct Answer:
Verified
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