Multiple Choice
Refer to the accompanying table for a certain product's market in Econland. If the world price of the product were $6 and a tariff of $1 per unit were applied to imports of the product, then the tariff
Would generate government revenues of
A) $600.
B) $400.
C) $800.
D) $1,200.
Correct Answer:

Verified
Correct Answer:
Verified
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