Refer to the Accompanying Table for a Certain Product's Market

question 226

Multiple Choice

$$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Quantity Demanded } \\\text { Domestically }\end{array} & \text { Price } & \begin{array} { c } \text { Quantity Supplied } \\\text { Domestically }\end{array} \\\hline 1,400 & \$ 10 & 2,200 \\\hline 1,600 & 9 & 2,000 \\\hline 1,800 & 8 & 1,800 \\\hline 2,000 & 7 & 1,600 \\\hline 2,200 & 6 & 1,400 \\\hline 2,400 & 5 & 1,200 \\\hline\end{array}$$ Refer to the accompanying table for a certain product's market in Econland. If the world price of the product were $6 and a tariff of $1 per unit were applied to imports of the product, then the tariff
Would generate government revenues of

• A) $600.
• B) $400.
• C) $800.
• D) $1,200.

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Definitions:

Repeat Sequences

Sequences of DNA that are repeated multiple times in the genome, playing roles in chromosomal structure and function.

Fragile X Syndrome

Genetic condition caused by an abnormal number of nucleotide repeats; named after the appearance, and not physical characteristics,

Inherited Mental Impairment

Cognitive or intellectual deficits that are passed down from one generation to another, often caused by genetic abnormalities or mutations.

Color-Blind

A condition where a person has difficulty distinguishing between certain colors, typically red and green, due to a deficiency or absence of color-sensitive cells in the eyes.