Suppose That the Equations S = 2P and D =

Multiple Choice

Suppose that the equations S = 2P and D = 6 - P represent a small
Country's home supply and home demand curves.If the government
Imposed a 50% tariff on imports, how much revenue would it collect as a
Result of the tariff? (Note: It is possible to consume partial units of this
Product, such as 2.5 units.)

A) $1.50
B) $2.75
C) $0.50
D) $0.75