Refer to the Figure Below to Answer the Following Questions

question 32

Multiple Choice

Refer to the figure below to answer the following questions. Figure 7.3.1
The figure shows the market for shirts in Canada,where D is the domestic demand curve and S is the domestic supply curve.The world price is $20 per shirt.Canada imposes a tariff on imported shirts of $4 per shirt.
-Refer to Figure 7.3.1.Canadian consumers' ________ from the tariff is ________.

• A)loss;$176 million
• B)gain;$64 million
• C)loss;$80 million
• D)gain;$128 million
• E)gain;$176 million

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Definitions:

Intangible Asset

An asset that lacks physical substance, such as intellectual property, brand recognition, or goodwill.

Dividends

Payments made by a corporation to its shareholder members, usually derived from the company's profits.

Common Stock

A type of security that represents ownership in a corporation and entails voting rights and a share in profits through dividends.

Cumulative

Describing something that increases or accumulates over time, often used in the context of dividends, voting rights, or data accumulation.