Figure 7-2 Suppose the U

Multiple Choice

Figure 7-2 Suppose the U.S.government imposes a $0.75 per pound tariff on coffee imports.Figure 7-2 shows the impact of this tariff.
-Refer to Figure 7-2.If the tariff was replaced by a quota which limited coffee imports to 20 million pounds,the amount of revenue received by coffee importers would equal

A) $5 million.
B) $15 million.
C) $50 million.
D) $78 million.