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Figure 7-2 Suppose the U

Question 136

Multiple Choice

Figure 7-2 Figure 7-2 Suppose the U.S.government imposes a $0.75 per pound tariff on coffee imports.Figure 7-2 shows the impact of this tariff. -Refer to Figure 7-2.The loss in domestic consumer surplus as a result of the tariff is equal to A) $5 million. B) $14.625 million. C) $15.75 million. D) $30.375 million. Suppose the U.S.government imposes a $0.75 per pound tariff on coffee imports.Figure 7-2 shows the impact of this tariff.
-Refer to Figure 7-2.The loss in domestic consumer surplus as a result of the tariff is equal to


A) $5 million.
B) $14.625 million.
C) $15.75 million.
D) $30.375 million.

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