-The above figure shows the U.S.market for replacement cell phone batteries.Area B + area D is the
A) tariff revenue.
B) decrease in consumer surplus due to the tariff.
C) deadweight loss from tariff.
D) increase in producer surplus due to the tariff.
E) gain in total surplus due to the tariff.

Question

-The above figure shows the U.S.market for replacement cell phone batteries.Area B + area D is the
A) tariff revenue. 
B) decrease in consumer surplus due to the tariff. 
C) deadweight loss from tariff. 
D) increase in producer surplus due to the tariff. 
E) gain in total surplus due to the tariff.

Quizplus · Accepted Answer

Area B + area D represents the deadweight loss from the tariff, which is the reduction in total surplus (consumer surplus + producer surplus) caused by the tariff.

-The Above Figure Shows the U