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Figure: The Market for Melons in Russia II
-(Figure: The Markets for Melons in Russia II)Use Figure: The Market for Melons in Russia II.As a result of a tariff that raises the world price from $10 to $15,the country has a deadweight loss equal to:

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Use the following to answer questions :
Figure: The Market for Melons in Russia II 
-(Figure: The Markets for Melons in Russia II)Use Figure: The Market for Melons in Russia II.As a result of a tariff that raises the world price from $10 to $15,the country has a deadweight loss equal to:

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The deadweight loss from a tariff is the loss in total surplus, which is the sum of the loss in consumer surplus and producer surplus that is not offset by the gain in government revenue. In this case, the deadweight loss is calculated as the area of the two triangles formed by the reduction in quantity traded due to the tariff.

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