Multiple Choice
Refer to the figure below to answer the following questions.
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.
Figure 7.3.1
-Refer to Figure 7.3.1,the Canadian government's revenue from the tariff is ________.
A) $64 million
B) $32 million
C) $128 million
D) $48 million
E) $480 million
Correct Answer:

Verified
Correct Answer:
Verified
Q5: Refer to the figure below to answer
Q38: Refer to the figure below to answer
Q58: The infant industry argument is based on
Q67: Which of the following are valid reasons
Q81: Increasing a tariff _ the domestic quantity
Q98: Table 7.1.1<br>Glazeland's Doughnut Market<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2743/.jpg" alt="Table
Q99: In a market that moves from a
Q112: An import quota is a<br>A)tariff imposed on
Q125: Suppose the country of Mooland imposes tariffs
Q127: If a country imposes a tariff on