The Figure Given Below Depicts the Negatively Sloped Demand and Positively

question 79

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 $25 is imposed by the domestic government, the total tariff revenue collected by the government is:

• A)$2, 000.
• B)$0.
• C)$200.
• D)$100.
• E)$4, 000

---

Definitions:

Fraternal Twins

Siblings born at the same time from different eggs, therefore sharing 50% of their genes, similar to ordinary siblings.

Fertilization

The process by which a sperm cell combines with an egg cell to form a zygote, initiating the development of a new organism.

Egg Cells

Female reproductive cells or gametes in animals and plants; in humans, they are also known as ova.

Generational Groups

Categories of people born within the same historical and social context, often sharing similar values, preferences, and attitudes, such as Baby Boomers, Generation X, Millennials, and Generation Z.