Solved

Scenario: the Domestic Supply and Demand of a Good in the United

Question 150

Multiple Choice

Scenario: The domestic supply and demand of a good in the United States is shown in the figure below. Suppose the world price of this good is $4. Suppose the United States is considering levying a $2 tariff per unit on imports of this good.
Scenario: The domestic supply and demand of a good in the United States is shown in the figure below. Suppose the world price of this good is $4. Suppose the United States is considering levying a $2 tariff per unit on imports of this good. -Refer to the scenario above.The U.S.government will make ________ in revenue from this tariff. A) $160 B) $20 C) $40 D) $80
-Refer to the scenario above.The U.S.government will make ________ in revenue from this tariff.


A) $160
B) $20
C) $40
D) $80

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q145: The following figure shows the production possibilities

Q146: In the mid-nineteenth century,the American steel rail

Q147: Which of the following is not a

Q148: A(n)_ is any good that is produced

Q149: The following figure depicts the production possibilities

Q151: The term "infant industries" often refers to

Q152: Suppose an economy produces only solar panels

Q153: _ countries,in an effort to promote economic

Q154: The following figure depicts four different scenarios

Q155: Scenario: The following figure shows the demand