Figure 9-17
-Refer to Figure 9-17.The deadweight loss caused by the tariff is
A)$24.
B)$72.
C)$96.
D)$144.

Question

Figure 9-17 
-Refer to Figure 9-17.The deadweight loss caused by the tariff is
A)$24. 
B)$72. 
C)$96. 
D)$144.

Quizplus · Accepted Answer

The deadweight loss caused by a tariff is typically calculated as the loss in consumer and producer surplus that is not offset by the gain in government revenue. Without the figure, the exact calculation cannot be shown, but based on the options, $96 is the correct choice for the deadweight loss.

Figure 9-17 -Refer to Figure 9-17.The Deadweight Loss Caused by the Tariff