Refer to the Information Provided in Figure 18

question 266

Multiple Choice

Refer to the information provided in Figure 18.4 below to answer the questions that follow. Figure 18.4
-Refer to Figure 18.4. The domestic price of a leather wallet is $20. With free trade the price of a leather wallet is $10 and after a tariff is imposed the price is $15. After the tariff is imposed, tariff revenue in this country will be

• A) $50.
• B) $250.
• C) $500.
• D) $750.

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