
Using the graph,assume that the government imposes a $1 tariff on solar panels.Answer the following questions given this information.
a.What is the domestic price and quantity demanded of solar panels after the tariff is imposed
b.What is the quantity of solar panels imported before the tariff
c.What is the quantity of solar panels imported after the tariff
d.What would be the amount of consumer surplus before the tariff
e.What would be the amount of consumer surplus after the tariff
f.What would be the amount of producer surplus before the tariff
g.What would be the amount of producer surplus after the tariff
h.What would be the amount of government revenue because of the tariff
i.What would be the total amount of deadweight loss due to the tarif
Correct Answer:
Verified
b.66
c.44
d....
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