(Figure: A Tariff on Imports) Refer to the figure. Suppose thegovernment intervenes with a $2 tariff; the total value ofdeadweight loss as a result of the tariff is:
A)$150 million.
B)$200 million.
C)$400 million.
D)$550 million.

Question

(Figure: A Tariff on Imports) Refer to the figure. Suppose thegovernment intervenes with a $2 tariff; the total value ofdeadweight loss as a result of the tariff is:
A)$150 million. 
B)$200 million. 
C)$400 million. 
D)$550 million.

Quizplus · Accepted Answer

The Answer of  (Figure: A Tariff on Imports) Refer to the figure. Suppose thegovernment intervenes with a $2 tariff; the total value ofdeadweight loss as a result of the tariff is:
A)$150 million. 
B)$200 million. 
C)$400 million. 
D)$550 million.

(Figure: a Tariff on Imports) Refer to the Figure