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The Table Above Gives the Domestic Demand and Supply Schedules

Question 83

Multiple Choice

The table above gives the domestic demand and supply schedules for a good.Suppose the world price of the good is $40 and the government imposes a $20 per unit tariff.How much will the government collect as tariff revenue? A) $160 B) $360 C) $320 D) $80 E) $240
The table above gives the domestic demand and supply schedules for a good.Suppose the world price of the good is $40 and the government imposes a $20 per unit tariff.How much will the government collect as tariff revenue?


A) $160
B) $360
C) $320
D) $80
E) $240

Correct Answer:

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