Multiple Choice
-The above figure shows the U.S.market for replacement cell phone batteries.Area A + area E is the
A) consumer surplus when there is a tariff.
B) producer surplus when there is a tariff.
C) tariff revenue.
D) increase in producer surplus due to the tariff.
E) gain in total surplus due to the tariff.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: How do exports affect buyers' consumer surplus?
Q2: Relative to free trade,domestic producers of a
Q3: The United States exports a good if
Q4: Who gains from exports? How do they
Q6: If an import quota is imposed on
Q7: If the United States imposes a tariff
Q8: The argument that it is necessary to
Q9: The country with a comparative advantage in
Q10: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" The figure
Q11: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The above figure