In 2006, European Union Tariff on Imported Bananas from Latin

question 24

Multiple Choice

In 2006, European Union tariff on imported bananas from Latin America was €176 a ton. Suppose 2.5 million tons of bananas were imported in 2006 but then the tariff decreased to €152 a ton in 2007 and as a result, 3 million tons were imported in 2007. What is the change in tariff revenue between 2006 and 2007?

• A) €1,000,000
• B) €440,000,000
• C) €445,000,000
• D) - €1,000,000

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