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The Accompanying Table Gives Domestic Supply and Demand Schedules for a Product

Question 153

Multiple Choice

The accompanying table gives domestic supply and demand schedules for a product. Suppose that the world price of the product is $1. The accompanying table gives domestic supply and demand schedules for a product. Suppose that the world price of the product is $1. The total amount of revenue collected from a $1-per-unit tariff on this product will be A) $22. B) $8. C) $7. D) $14. The total amount of revenue collected from a $1-per-unit tariff on this product will be


A) $22.
B) $8.
C) $7.
D) $14.

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