The Graph Shown Demonstrates the Domestic Demand and Supply for a Good

question 134

Multiple Choice

The graph shown demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good. According to the graph, the amount of the tariff is _______.

• A)$30
• B)$130
• C)$45
• D)$75

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Definitions:

Parties

Social gatherings or events where people interact for entertainment, or organizational entities involved in legal agreements or political contexts.

False Alternative

A logical fallacy that occurs when only limited alternatives are considered, when in fact more options are available.

Dichotomy

A division or contrast between two things that are or are represented as being opposed or entirely different.

Argument

A series of statements or reasons made to persuade others that an idea or point of view is correct or valid.