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Question 120

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Use the following to answer questions: Use the following to answer questions: -(Figure: The Market for Laptops) Use Figure: The Market for Laptops.Assume that S and D are the domestic supply and demand curves,respectively,and the world price is P<sub>W</sub>.Identify the area of government tax revenue when a tariff raises the domestic price from the world price to P<sub>T</sub>. A) D + E + F B) D + F C) E D) B
-(Figure: The Market for Laptops) Use Figure: The Market for Laptops.Assume that S and D are the domestic supply and demand curves,respectively,and the world price is PW.Identify the area of government tax revenue when a tariff raises the domestic price from the world price to PT.


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

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