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Figure 9-2 Suppose the U.S. Government Imposes a $0.75 Per Pound Tariff

Question 111

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Figure 9-2
Figure 9-2     Suppose the U.S. government imposes a $0.75 per pound tariff on coffee imports. Figure 9-2 shows the impact of this tariff. -Refer to Figure 9-2.The loss in domestic consumer surplus as a result of the tariff is equal to A)  $5 million. B)  $19.875 million. C)  $24.875 million. D)  $31.125 million.
Suppose the U.S. government imposes a $0.75 per pound tariff on coffee imports. Figure 9-2 shows the impact of this tariff.
-Refer to Figure 9-2.The loss in domestic consumer surplus as a result of the tariff is equal to


A) $5 million.
B) $19.875 million.
C) $24.875 million.
D) $31.125 million.

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