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Author Question: Suppose the U.S. government imposes a $0.75 per pound tariff on coffee imports. Figure ... (Read 82 times)

kshipps

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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 kshipps on Mar 16, 2019

ladyjames123

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kshipps

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Reply 2 on: Mar 16, 2019
Excellent


alvinum

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Reply 3 on: Yesterday
Wow, this really help

 

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