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The Figure Given Below Shows the National Market for Mopeds

Question 56

Multiple Choice

The figure given below shows the national market for mopeds in a country. Dd and Sd are the domestic demand and supply curves of mopeds respectively. The figure given below shows the national market for mopeds in a country. D<sub>d </sub>and S<sub>d</sub> are the domestic demand and supply curves of mopeds respectively. Calculate the welfare loss arising from the consumption effect of the tariff. A) $14 million B) $2.5 million C) $5 million D) $7.5 million Calculate the welfare loss arising from the consumption effect of the tariff.


A) $14 million
B) $2.5 million
C) $5 million
D) $7.5 million

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