Scenario: the Following Figure Shows the Demand Curve, D, and the Supply

Multiple Choice

Scenario: The following figure shows the demand curve, D, and the supply curve, S, of chairs in Barylia. Barylia is open to free trade. The world price of chairs is $3, and the government of Barylia decides to impose a $1 tariff on the import of chairs.

-Refer to the scenario above.Calculate the total surplus after the government imposes a tariff of $1 per unit.

A) $160
B) $240
C) $300
D) $315