Multiple Choice
Refer to the figure below to answer the following questions.
The figure shows the market for shirts in Canada, where D is the domestic demand curve and S is the domestic supply curve. The world price is $20 per shirt. Canada imposes a tariff on imported shirts of $4 per shirt.
Figure 31.3.1
-Refer to Figure 31.3.1. The Canadian government's revenue from the tariff is
A) $64 million.
B) $32 million.
C) $128 million.
D) $48 million.
E) $480 million.
Correct Answer:

Verified
Correct Answer:
Verified
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