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 consumption effect of the tariff on computers is worth
A) $2 million.
B) $4 million.
C) $76 million.
D) $78 million.
Correct Answer:

Verified
Correct Answer:
Verified
Q30: Compare and contrast the effects of a
Q31: The figure given below shows the market
Q32: Calculate the effective rate of protection for
Q33: "The higher the tariff, the more domestic
Q34: If a small country imposes a tariff
Q36: The consumption effect of a tariff indicates
Q37: The figure given below shows the market
Q38: The figure given below shows the market
Q39: A small country is considering imposing
Q40: The figure given below shows the market