-Refer to the above diagram,where S_d and D_d are the domestic supply and demand for a product and P_c is the world price of that product.With a per unit tariff of P_cP_t,the total amount of tariff revenue collected on this product will be:

Question

-Refer to the above diagram,where S<sub>d</sub> and D<sub>d</sub> are the domestic supply and demand for a product and P<sub>c</sub> is the world price of that product.With a per unit tariff of P<sub>c</sub>P<sub>t</sub>,the total amount of tariff revenue collected on this product will be: A) P<sub>a</sub>P<sub>t</sub> times wy. B) P<sub>c</sub>P<sub>t</sub> times x. C) P<sub>c</sub>P<sub>t</sub> times wy. D) P<sub>c</sub>P<sub>t</sub> times z.

Quizplus · Accepted Answer

The total tariff revenue is calculated by multiplying the per unit tariff (P_cP_t) by the quantity of imports (wy).

-Refer to the Above Diagram,where Sd and Dd Are the Domestic

-Refer to the Above Diagram,where S_d and D_d Are the Domestic