Use the Following to Answer Questions

question 6

Multiple Choice

Use the following to answer questions:
Figure: Shirts
-(Figure: Shirts) Refer to the figure. If a tariff raised the world price to $4 a shirt, how much consumer surplus would be lost?

• A) $5,000,000
• B) $10,000,000
• C) $85,000,000
• D) $30,000,000

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Definitions:

Sound Wave

Mechanical displacement of molecules caused by changing pressure that possesses the physical properties of frequency, amplitude, and complexity. Also referred to as a compression wave.

Hearing Damage

Impairment or loss of auditory function, potentially resulting from exposure to loud noise, disease, or aging.

dB

Decibel; a unit of measurement used to express the intensity of sound or the power level of an electrical signal by comparing it with a given level on a logarithmic scale.

Compression Of Air

The process of reducing the volume and increasing the pressure of air by mechanical means.