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

Question 113

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 introduction of a 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 introduction of a 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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