Refer to the Figure Below to Answer the Following Questions

question 11

Multiple Choice

Refer to the figure below to answer the following questions.

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.
Figure 31.2.1
-Refer to Figure 31.2.1,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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Future Value

The value of an investment or cash flow at a specified future date, based on an assumed rate of growth or return.

Financial Calculator

A specialized calculator used to perform financial functions, such as calculating interest rates, payments, and investment values.

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