Exhibit 34-7 -Refer to Exhibit 34-7. Assume That the Current Price of the Current

Exhibit 34-7

-Refer to Exhibit 34-7. Assume that the current price of X is $25 (which includes a $10 tariff on imports of product X) . The government collects tariff revenue on product X in the amount of

A) $100
B) $200
C) $250
D) $300
E) There is not enough information to answer this question.