The figure above shows the market for shirts in Australia, where D is the Australian demand curve and S is the Australian supply curve. The world price is $20 per shirt. Australia imposes a tariff on imported shirts of $4 per shirt.
-In the figure above, the Australian government's revenue from the tariff is _______.
A) $64 million
B) $48 million
C) $128 million
D) $32 million
Correct Answer:
Verified
Q40: During the Great Depression in the 1930s,
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