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The Figure Given Below Shows the National Market for Mopeds

question 56

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The figure given below shows the national market for mopeds in a country. Dd and Sd are the domestic demand and supply curves of mopeds respectively. The figure given below shows the national market for mopeds in a country. D<sub>d </sub>and S<sub>d</sub> are the domestic demand and supply curves of mopeds respectively.   Calculate the welfare loss arising from the consumption effect of the tariff. A) $14 million B) $2.5 million C) $5 million D) $7.5 million Calculate the welfare loss arising from the consumption effect of the tariff.


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