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The Following Diagram Shows a Country Which Is a Price-

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The following diagram shows a country which is a price- taker in world trade for a particular product. It initially has a tariff on the product as shown by the vertical difference between the two world supply curves.
The following diagram shows a country which is a price- taker in world trade for a particular product. It initially has a tariff on the product as shown by the vertical difference between the two world supply curves.     If a tariff were imposed, the tax revenue received would be area(s)  A)  1, 2, 3 and 4 B)  1 and 3 C)  3 D)  2 and 4 If a tariff were imposed, the tax revenue received would be area(s)


A) 1, 2, 3 and 4
B) 1 and 3
C) 3
D) 2 and 4

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