The Figure Given Below Depicts the Negatively Sloped Demand and Positively

question 55

Multiple Choice

The figure given below depicts the negatively sloped demand and positively sloped supply curves of wheat in a country.
Figure 20.2

-According to Figure 20.2, if the world price of wheat is $25 and a tariff of $25 is imposed by the domestic government, the total tariff revenue collected by the government is:

• A) $2,000.
• B) $0.
• C) $200.
• D) $100.
• E) $4,000

---

Definitions:

Ethanol Fuel

A type of biofuel derived from plants such as corn or sugarcane, used as an alternative to gasoline.

High Net Energy

Refers to energy sources that provide a significant amount of useful energy output compared to the energy input required to produce them.

Biofuels

Fuels derived from living matter or the waste they produce, such as ethanol and biodiesel, regarded as renewable alternatives to fossil fuels.

High Land Use

The extensive utilization of land resources for purposes such as agriculture, urban development, or industrial applications, often impacting natural habitats.