The diagram below shows supply and demand curves for bicycles in the domestic Canadian market.Assume that all bicycles are identical. 
FIGURE 33-4
-Refer to Figure 33-4.Suppose the world price of bicycles is $200 and Canada has in place a 50% tariff on this good.The deadweight loss to the Canadian economy resulting from this tariff is ________ per year.
Definitions:
Carroll Izard
An American psychologist known for his contributions to the understanding of emotions and their role in human behavior.
William James
An American philosopher and psychologist, often referred to as the father of American psychology, known for his works on pragmatism and the psychology of consciousness.
Charles Darwin
Charles Darwin was a 19th-century naturalist who formulated the theory of evolution by natural selection, explaining how species adapt and change over time.
Adaptation-level Phenomenon
The psychological process by which individuals adjust their expectations based on past experiences, influencing their perception of new stimuli.
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