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Refer to the Above Table for a Certain Product's Market

Question 96

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Refer to the above table for a certain product's market in Econland. If the world price of the product were $6 and a tariff of $1 per unit were applied to imports of the product, then the tariff would generate government revenues of: A) $600 B) $400 C) $800 D) $1,200 Refer to the above table for a certain product's market in Econland. If the world price of the product were $6 and a tariff of $1 per unit were applied to imports of the product, then the tariff would generate government revenues of:


A) $600
B) $400
C) $800
D) $1,200

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