Reference: Ref 9-5 (Figure: a Tariff on Imports) Refer to the Figure

question 74

Multiple Choice

Reference: Ref 9-5 (Figure: A Tariff on Imports) Refer to the figure. Suppose the government intervenes with a $2 tariff; the total value of deadweight loss as a result of the tariff is:

• A) $150 million.
• B) $200 million.
• C) $400 million.
• D) $550 million.

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