Question 6 of 15 sapling leaming The graph below depicts a market where a tariff

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Question 6 of 15 sapling leaming The graph below depicts a market where a tariff is introduced. Pw represents the world price and Pr represents the domestic price with the introduction of the tariff so that the size of the tariff is equal the difference between PT and Pw. Note that the correct answer may include more than one area. Supply loss associated with the tariff? What area(s) represent the government revenue generated by the tariff? How many imports are there after the introduction of the taniff? 02 46 8 10 12 14 16 18 20

Explanation / Answer

1. C + F

2. E

3. Imports = 12 - 8 = 4

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