Refer to the following graph. Suppose the graph depicted market demand for British cars sold in the United States. A tariff of $1,000 a car would result in tax revenue of:
A) $10 million.
B) less than $10 million.
C) greater than $10 million.
D) zero.

Question

Refer to the following graph.  Suppose the graph depicted market demand for British cars sold in the United States. A tariff of $1,000 a car would result in tax revenue of:
A) $10 million. 
B) less than $10 million. 
C) greater than $10 million. 
D) zero.

Quizplus · Accepted Answer

The Answer of Refer to the following graph.  Suppose the graph depicted market demand for British cars sold in the United States. A tariff of $1,000 a car would result in tax revenue of:
A) $10 million. 
B) less than $10 million. 
C) greater than $10 million. 
D) zero.

Refer to the Following Graph