Refer to the Figure Below to Answer the Following Questions

question 94

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 deadweight loss from the tariff is

• A)$80 million.
• B)$16 million.
• C)zero.
• D)$64 million.
• E)$32 million.

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Definitions:

Complete Debriefing

The process of fully explaining the purposes and methods of a study to participants after its completion.

Informed Consent

The process ensuring that a participant is fully aware of all aspects of a research study, including risks and benefits, before agreeing to participate.

Freudian Psychoanalysis

Theoretical approach that seeks to explain behavior by looking at the deep unconscious forces inside the person.

Neurological Correlates

The brain structures, neural pathways, or cerebral activities associated with specific psychological processes or behaviors.