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Figure 7.2 Suppose the Canadian Government Imposes a $0.40 Per Pound Tariff

Question 11

Multiple Choice

Figure 7.2
Figure 7.2 Suppose the Canadian government imposes a $0.40 per pound tariff on rice imports. Figure 7.2 shows the impact of this tariff. -Refer to Figure 7.2.The loss in domestic consumer surplus as a result of the tariff is equal to the area A) B + D + E + F. B) D + E + F. C) C + D + E + F. D) B)
Suppose the Canadian government imposes a $0.40 per pound tariff on rice imports. Figure 7.2 shows the impact of this tariff.
-Refer to Figure 7.2.The loss in domestic consumer surplus as a result of the tariff is equal to the area


A) B + D + E + F.
B) D + E + F.
C) C + D + E + F.
D) B)

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