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

question 57

Multiple Choice

The figure given below shows the market for shoes in the U.S. The domestic price line with tariff lies above the international price line. D_d and S_d are the domestic demand and supply curves of shoes respectively. The tariff revenue of the U.S. government is shown by area _____.

• A)a
• B)(a + b)
• C)c
• D)(b + c + d)

---

Definitions:

Ethnically Diverse

Describing a population that includes people from multiple ethnic backgrounds and cultures.

Psychological Characteristics

Traits, behaviors, and thought processes that define an individual's mental and emotional makeup.

Helping Process

A series of actions or steps taken to assist someone in solving a problem or achieving a goal.

Underutilization

Refers to the scenario where resources or capacities are not used to their full potential.