(Figure: a Tariff on Imports) Refer to the Figure

question 4

Multiple Choice

(Figure: A Tariff on Imports) Refer to the figure. Suppose thegovernment intervenes with a $2 tariff; the total cost of thetariff to the citizens in that country is:

• A)$350 million.
• B)$400 million.
• C)$550 million.
• D)$700 million.