Below is a graph illustrating the market for mustard seeds in Rysen III.(Sd is domestic supply,and Dd is domestic demand. ) .The world price of mustard seeds is $100.
-Refer to the graph above to answer this question.After the introduction of a $20 tariff,what is the value of the tax revenue collected by the Rysen III government?
Definitions:
Discrete Probability
The probability of occurrence of outcomes in a dataset that consists of distinct, separate values.
Required Condition
A necessary state or circumstance that must be met for something to occur or be considered true.
Probability Function
A function that associates a probability with each outcome in the sample space of a stochastic experiment.
Poisson Probability
A distribution showing the probability of a given number of events happening in a fixed interval of time or space.
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