The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S.Figure 21.4

-The total tariff revenue to the government of an imported good is found by adding the tariff to the quantity of the good imported.

Question

The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S.Figure 21.4
 
-The total tariff revenue to the government of an imported good is found by adding the tariff to the quantity of the good imported.

Quizplus · Accepted Answer

The total tariff revenue to the government of an imported good is found by multiplying the tariff rate by the quantity of the good imported.

The Figure Below Shows the Demand (D) and Supply (S)