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    Exam 8: Import Tariffs and Quotas Under Perfect Competition
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    (Figure: Consumer Surplus) When the Price of the Product Is
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(Figure: Consumer Surplus) When the Price of the Product Is

Question 171

Question 171

Multiple Choice

(Figure: Consumer Surplus) When the price of the product is $15, the consumer surplus is: (Figure: Consumer Surplus)  When the price of the product is $15, the consumer surplus is:   A)  $441. B)  $256. C)  $13. D)  $15.


A) $441.
B) $256.
C) $13.
D) $15.

Correct Answer:

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