The diagram below shows supply and demand curves for bicycles in the domestic Canadian market.Assume that all bicycles are identical. 
FIGURE 33-4
-Refer to Figure 33-4.Suppose the world price of bicycles is $200 and Canada has in place a 50% import tariff on this good.The Canadian government will collect tariff revenue in the amount of ________ per year.
Definitions:
Bargaining Rights
The rights granted to entities, often unions, to negotiate the terms of employment, including wages and working conditions, on behalf of a group of employees.
Exclusive Bargaining
A process in labor relations where a single union is designated as the representative of all employees in negotiating with the employer.
Severance Pay
Compensation paid by an employer to an employee who has been laid off or terminated, not due to misconduct.
Reasonable Notice
The legally or contractually required period of notification before a significant change, such as termination of employment.
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