Refer to the Figure Below to Answer the Following Questions

question 27

Multiple Choice

Refer to the figure below to answer the following questions. Figure 7.3.1
The figure shows the market for shirts in Canada,where D is the domestic demand curve and S is the domestic supply curve.The world price is $20 per shirt.Canada imposes a tariff on imported shirts of $4 per shirt.
-Refer to Figure 7.3.1.The Canadian government's revenue from the tariff is ________.

• A)$64 million
• B)$32 million
• C)$128 million
• D)$48 million
• E)$480 million

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Definitions:

Medical Science

A field of study focused on knowledge about human health, diseases, and the body’s functioning, aiming at the prevention, diagnosis, and treatment of illness.

Monopoly

A market condition where a single company or entity controls all or nearly all of the supply of a particular good or service.

Higher Classes

Denotes the social groups that occupy the top layers of the social hierarchy, often associated with greater wealth, authority, and privileges.

Stress Levels

A measure of the intensity of stress experienced by an individual or population, influenced by various psychological, physical, and environmental factors.