25 20 15 10 5 0 0 IP 3 6 9 12 15 18 21 24 Q 23. If the free trade price is IP and this country imposes a trade tariff of $3, what will be amount of revenue the government collects? O a) $3 Ob) $27 Oc) $13.5 d) $18 Oe) $40.5

25 20 15 10 5 0 0 IP 3 6 9 12 15 18 21 24 Q 23. If the free trade price is IP and this country imposes a trade tariff of $3, what will be amount of revenue the government collects? O a) $3 Ob) $27 Oc) $13.5 d) $18 Oe) $40.5

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

25
20
15
10
5
O
0
O b) $27
Oc) $13.5
O d) $18
Oe) $40.5
10
369
S
12 15 18 21 24 Q
23. If the free trade price is IP and this country imposes a trade tariff of $3, what will be amount of revenue the government collects?
O a) $3
-IP
O

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