Author Question: Refer to Figure 9-5. The loss in domestic consumer surplus as a result of the tariff is equal to ... (Read 116 times)

urbanoutfitters · **on:** Jun 29, 2018

Refer to Figure 9-5. The loss in domestic consumer surplus as a result of the tariff is equal to

A) 5 million. B) 19.875 million. C) 24.875 million. D) 31.125 million.

Question 2

Refer to Figure 9-5. The tariff causes domestic consumption of coffee

A) to fall by 7 million pounds. B) to rise by 6 million pounds.
C) to fall by 27 million pounds. D) to rise by 20 million pounds.