Multiple Choice
Refer to the figure below to answer the following questions. Figure 7.3.1
The figure shows the market for shirts in Canada,where D is the domestic demand curve and S is the domestic supply curve.The world price is $20 per shirt.Canada imposes a tariff on imported shirts of $4 per shirt.
-Refer to Figure 7.3.1.The deadweight loss from the tariff is
A) $80 million.
B) $16 million.
C) zero.
D) $64 million.
E) $32 million.
Correct Answer:

Verified
Correct Answer:
Verified
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