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.The loss in domestic consumer surplus as a result of the tariff is equal to

A) $5 million.
B) $19.875 million.
C) $24.875 million.
D) $31.125 million.