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This Graph Demonstrates the Domestic Demand and Supply for a Good,as

Question 116

Multiple Choice

This graph demonstrates the domestic demand and supply for a good,as well as a tariff and the world price for that good. This graph demonstrates the domestic demand and supply for a good,as well as a tariff and the world price for that good. According to the graph shown,the change to government revenue brought about by the imposition of the tariff to an economy once operating under free trade is: A) an increase of area JK. B) an increase of area FGJK. C) an increase of area IJKL. D) a decrease of area IL.
According to the graph shown,the change to government revenue brought about by the imposition of the tariff to an economy once operating under free trade is:


A) an increase of area JK.
B) an increase of area FGJK.
C) an increase of area IJKL.
D) a decrease of area IL.

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