Below Is a Graph Illustrating the Market for Mustard Seeds

question 60

Multiple Choice

Below is a graph illustrating the market for mustard seeds in Rysen III.(Sd is domestic supply,and Dd is domestic demand. ) .The world price of mustard seeds is $100.

-Refer to the graph above to answer this question.After the introduction of a $20 tariff,what is the value of the tax revenue collected by the Rysen III government?

• A)$8,000.
• B)$14,000.
• C)$16,000.
• D)$24,000.
• E)$48,000.

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Definitions:

Impairment Losses

Financial losses recognized when the carrying amount of an asset exceeds its recoverable amount, indicating the asset is not worth its current value on the balance sheet.

Consolidated Retained Earnings

Represents the cumulative amount of net income earned by a parent company and its subsidiaries over time, after dividends are paid to shareholders, consolidated to a single figure.

Consolidated Statement

A financial statement that aggregates the assets, liabilities, equity, income, expenses, and cash flows of a parent company and its subsidiaries to reflect the total financial position and results of the group.

Financial Position

An entity's economic state, represented by its assets, liabilities, and equity at a given point in time.