-The above figure shows the market for rice in Japan where price is expressed in dollars.S represents the domestic supply curve,and the horizontal line at P = $1 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.

Question

-The above figure shows the market for rice in Japan where price is expressed in dollars.S represents the domestic supply curve,and the horizontal line at P = $1 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.

Quizplus · Accepted Answer

The Answer of 
-The above figure shows the market for rice in Japan where price is expressed in dollars.S represents the domestic supply curve,and the horizontal line at P = $1 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.

-The Above Figure Shows the Market for Rice in Japan