The Figure Given Below Depicts the Negatively Sloped Demand and Positively

question 84

Multiple Choice

The figure given below depicts the negatively sloped demand and positively sloped supply curves of wheat in a country. Figure 20.2 According to Figure 20.2, if the world price of wheat is $25 and a tariff of $10 is imposed by the domestic government, the total tariff revenue collected by the government is:

• A)$4, 000.
• B)$0.
• C)$5, 000.
• D)$2, 000.
• E)$1, 000.

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Definitions:

Preganglionic Neurons

Neurons of the autonomic nervous system that originate in the central nervous system and travel to autonomic ganglia where they synapse with postganglionic neurons.

Autonomic Ganglion

A cluster of nerve cell bodies in the autonomic nervous system that regulates involuntary functions such as heart rate and digestion.

Somatic Motor System

Part of the peripheral nervous system that transmits signals from the central nervous system to skeletal muscles, facilitating voluntary muscle movements.

Postganglionic Neuron

Autonomic neuron that has its cell body located within an autonomic ganglion and sends its axon to an effector organ.