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The Figure Given Below Shows the Market for Computers in the U.S

question 55

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The figure given below shows the market for computers in the U.S. The domestic price line inclusive of the tariff lies above the international price line. Dd and Sd are the domestic demand and supply curves of computers respectively. The figure given below shows the market for computers in the U.S. The domestic price line inclusive of the tariff lies above the international price line. D<sub>d</sub> and S<sub>d</sub> are the domestic demand and supply curves of computers respectively.   The imposition of a tariff on computers caused the surplus of the domestic producers to _____ by _____. A) rise; $20 million B) rise; $800,000 C) rise; $44 million D) fall; $48 million The imposition of a tariff on computers caused the surplus of the domestic producers to _____ by _____.


Definitions:

Net Income

The final profit amount for a company, which comes after deducting all expenditures and taxes from the gross revenue.

Dividends

Financial rewards paid out to shareholders, mainly coming from the corporation's net income.

Significant Influence

A term referring to the power to participate in the financial and operating policy decisions of an entity but is not control or joint control over those policies.

Accounting Principle

Fundamental guidelines or rules that govern the financial accounting field, ensuring consistency, reliability, and comparability of financial statements.

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