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The Following Graph Shows U

Question 22

Multiple Choice

The following graph shows U.S.demand for and supply of a good.Suppose the world price of the good is $1.00 per unit and a specific tariff of $0.50 per unit is imposed on each unit of imported good.In such a case,net welfare loss as a result of a tariff of $0.50 per unit is represented by the area ____.
The following graph shows U.S.demand for and supply of a good.Suppose the world price of the good is $1.00 per unit and a specific tariff of $0.50 per unit is imposed on each unit of imported good.In such a case,net welfare loss as a result of a tariff of $0.50 per unit is represented by the area ____. A) c + i + e + f B) i + f C) i D) f E) b + d


A) c + i + e + f
B) i + f
C) i
D) f
E) b + d

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