The numbers on BOTH the x-axis and y-axis read: 4, 8, 12, 16, 20, 24, etc. With free trade and without a tariff, consumer surplus is: With a tariff, producer surplus is: The deadweight loss caused by the tariff is: The tariff revenue is: Answer in terms of number of dollars. E.g. answer 10,000 with the comma. NOT 10000 or $10,000 or 10,000 dollars.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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%+
72+
68+
64+
60+
56+
32+
48+
44
40-
36+
32-
38
24+
20-
16+
15
$12 16 20 24 28 31 35 40 4
With a tariff, producer surplus is:
Domestic Supply
The deadweight loss caused by the tariff is:
The tariff revenue is:
World price tariff
48 32 34 2014 18 72 16 M 4
The numbers on BOTH the x-axis and y-axis read: 4, 8, 12, 16, 20, 24, etc.
With free trade and without a tariff, consumer surplus is:
World Price
Dometic Demond
44 145 146 Q
Answer in terms of number of dollars. E.g. answer 10,000 with the comma. NOT 10000 or
$10,000 or 10,000 dollars.
Transcribed Image Text:%+ 72+ 68+ 64+ 60+ 56+ 32+ 48+ 44 40- 36+ 32- 38 24+ 20- 16+ 15 $12 16 20 24 28 31 35 40 4 With a tariff, producer surplus is: Domestic Supply The deadweight loss caused by the tariff is: The tariff revenue is: World price tariff 48 32 34 2014 18 72 16 M 4 The numbers on BOTH the x-axis and y-axis read: 4, 8, 12, 16, 20, 24, etc. With free trade and without a tariff, consumer surplus is: World Price Dometic Demond 44 145 146 Q Answer in terms of number of dollars. E.g. answer 10,000 with the comma. NOT 10000 or $10,000 or 10,000 dollars.
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