Figure 9-29
The following diagram shows the domestic demand and domestic supply curves in a market.Assume that the world price in this market is $1 per unit.
-Refer to Figure 9-29.Suppose the country imposes a $1 per unit tariff.If the country allows trade with a tariff,how much are consumer surplus and producer surplus?

Question

Figure 9-29
The following diagram shows the domestic demand and domestic supply curves in a market.Assume that the world price in this market is $1 per unit. 
-Refer to Figure 9-29.Suppose the country imposes a $1 per unit tariff.If the country allows trade with a tariff,how much are consumer surplus and producer surplus?

Quizplus · Accepted Answer

The Answer of Figure 9-29
The following diagram shows the domestic demand and domestic supply curves in a market.Assume that the world price in this market is $1 per unit. 
-Refer to Figure 9-29.Suppose the country imposes a $1 per unit tariff.If the country allows trade with a tariff,how much are consumer surplus and producer surplus?

Figure 9-29 The Following Diagram Shows the Domestic Demand and Domestic Supply