Given the following diagram showing country A's demand for imports schedule for good (D_imports) , the supply of exports schedule to A from the rest of the world of good X (S_ROW) , and the supply of exports schedule to A from the rest of the world of good X when country A has imposed a specific tariff on imports of good X (S'_ROW) :
price

quantity

Question

Given the following diagram showing country A's demand for imports schedule for good (D_imports) , the supply of exports schedule to A from the rest of the world of good X (S_ROW) , and the supply of exports schedule to A from the rest of the world of good X when country A has imposed a specific tariff on imports of good X (S'_ROW) :
price

Given the following diagram showing country A's demand for imports schedule for good (D<sub>imports</sub>) , the supply of exports schedule to A from the rest of the world of good X (S<sub>ROW</sub>) , and the supply of exports schedule to A from the rest of the world of good X when country A has imposed a specific tariff on imports of good X (S'<sub>ROW</sub>) : price quantity A) The total tariff revenue collected by country A is indicated by the rectangle P<sub>0</sub>P<sub>1</sub>E'H. B) Distance OP<sub>2</sub> indicates the net price received by the foreign suppliers after payment of the tariff. C) The loss of consumer surplus in country A because of the imposition of the tariff is indicated by rectangle P<sub>2</sub>P<sub>0</sub>HG. D) Country A is a small country.

quantity

Quizplus · Accepted Answer

The Answer of Given the following diagram showing country A's demand for imports schedule for good (D_imports), the supply of exports schedule to A from the rest of the world of good X (S_ROW), and the supply of exports schedule to A from the rest of the world of good X when country A has imposed a specific tariff on imports of good X (S'_ROW): price quantity

Given the Following Diagram Showing Country A's Demand for Imports