-The domestic demand curve,domestic supply curve,and world supply curves for a good are given in the above figure.All the curves are linear.Initially,the country allows imports.Then it imposes a $25 specific tariff.Calculate the deadweight loss generated by this tariff.
A) DWL = $625
B) DWL = $1150
C) DWL = $312.50
D) DWL = $0

Question

-The domestic demand curve,domestic supply curve,and world supply curves for a good are given in the above figure.All the curves are linear.Initially,the country allows imports.Then it imposes a $25 specific tariff.Calculate the deadweight loss generated by this tariff.
A) DWL = $625 
B) DWL = $1150 
C) DWL = $312.50 
D) DWL = $0

Quizplus · Accepted Answer

The Answer of 
-The domestic demand curve,domestic supply curve,and world supply curves for a good are given in the above figure.All the curves are linear.Initially,the country allows imports.Then it imposes a $25 specific tariff.Calculate the deadweight loss generated by this tariff.
A) DWL = $625 
B) DWL = $1150 
C) DWL = $312.50 
D) DWL = $0

-The Domestic Demand Curve,domestic Supply Curve,and World Supply Curves for a Good