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The Following Table Is Domestic Supply and Demand Schedules for a Product.Suppose

Question 176

Multiple Choice

The following table is domestic supply and demand schedules for a product.Suppose that the world price of the product is $1. The following table is domestic supply and demand schedules for a product.Suppose that the world price of the product is $1. Refer to the above data.The total amount of revenue collected from a $1 per unit tariff on this product will be: A) $22 B) $8 C) $7 D) $14 Refer to the above data.The total amount of revenue collected from a $1 per unit tariff on this product will be:


A) $22
B) $8
C) $7
D) $14

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