(Figure: A Tariff on Imports) Refer to the figure. Suppose thegovernment intervenes with a $2 tariff; the total cost of thetariff to the citizens in that country is:
A)$350 million.
B)$400 million.
C)$550 million.
D)$700 million.

Question

(Figure: A Tariff on Imports) Refer to the figure. Suppose thegovernment intervenes with a $2 tariff; the total cost of thetariff to the citizens in that country is:
A)$350 million. 
B)$400 million. 
C)$550 million. 
D)$700 million.

Quizplus · Accepted Answer

The Answer of  (Figure: A Tariff on Imports) Refer to the figure. Suppose thegovernment intervenes with a $2 tariff; the total cost of thetariff to the citizens in that country is:
A)$350 million. 
B)$400 million. 
C)$550 million. 
D)$700 million.

(Figure: a Tariff on Imports) Refer to the Figure