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Author Question: -2 Suppose the U.S. government imposes a $0.75 per pound tariff on coffee imports. Figure ... (Read 294 times)

melina_rosy

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Figure 7-2








Suppose the U.S. government imposes a $0.75 per pound tariff on coffee imports. Figure 7-2 shows the impact of this tariff.  






Refer to Figure 7-2. The loss in domestic consumer surplus as a result of the tariff is equal to


◦ $5 million.
◦ $19.875 million.
◦ $24.875 million.
◦ $31.125 million.


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Marked as best answer by melina_rosy on Mar 16, 2019

FergA

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FergA

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