-The above figure shows the market for rice in Japan. S₂ represents the domestic supply curve, and S₁ represents the world supply curve. If a $1 tariff is imposed on imported rice, the loss in social welfare is

Question

-The above figure shows the market for rice in Japan. S₂ represents the domestic supply curve, and S<sub>1</sub> represents the world supply curve. If a $1 tariff is imposed on imported rice, the loss in social welfare is A) b + c + d + e. B) a. C) i. D) a + c + d + e.

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The Answer of -The above figure shows the market for rice in Japan. S₂ represents the domestic supply curve, and S₁ represents the world supply curve. If a $1 tariff is imposed on imported rice, the loss in social welfare is

-The Above Figure Shows the Market for Rice in Japan