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7/20/2017 11:13 AM Exhibit 34-11

Question 130

Multiple Choice

7/20/2017 11:13 AM
Exhibit 34-11
7/20/2017 11:13 AM Exhibit 34-11 -Refer to Exhibit 34-11.P<sub>W</sub> is the price that exists in the market before a tariff is imposed and P<sub>W + T</sub> is the price that exists in the market after a tariff is imposed.The tariff results in a net loss to society equal to area(s) A) DBE + FCG. B) EBCF. C) DBE + EBCF. D) FCG + EBCF. E) none of the above
-Refer to Exhibit 34-11.PW is the price that exists in the market before a tariff is imposed and PW + T is the price that exists in the market after a tariff is imposed.The tariff results in a net loss to society equal to area(s)


A) DBE + FCG.
B) EBCF.
C) DBE + EBCF.
D) FCG + EBCF.
E) none of the above

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