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-The Table Above Gives the Domestic Demand and Supply Schedules

Question 149

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)  $320 C)  $80 D)  $240 E)  $360
-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) $320
C) $80
D) $240
E) $360

Correct Answer:

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