Multiple Choice
The figure given below shows the market for computers in the U.S. The domestic price line inclusive of the tariff lies above the international price line. Dd and Sd are the domestic demand and supply curves of computers respectively. The imposition of a tariff on computers caused the surplus of the U.S. consumers to _____ by _____.
A) fall; $10 million
B) fall; $40million
C) rise; $76 million
D) fall; $78 million
Correct Answer:

Verified
Correct Answer:
Verified
Q10: The lower the price elasticity of foreign
Q11: A small country is considering imposing
Q12: A tariff imposed by a small country
Q13: Which of the following has overseen the
Q14: If the imposition of tariff on a
Q16: The production effect of a tariff measures
Q17: The figure given below shows the market
Q18: Which of the following is an impact
Q19: A large country can gain from imposing
Q20: Which of the following statements is NOT