Refer to the Figure Below to Answer the Following Questions

question 26

Multiple Choice

Refer to the figure below to answer the following questions.

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.
Figure 7.3.1
-Refer to Figure 7.3.1,the deadweight loss from the tariff is ________.

• A)$80 million
• B)$16 million
• C)zero
• D)$64 million
• E)$32 million

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