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Thread: Need help with tariff question

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    Need help with tariff question

    I'm having troubles answering this tariff question. The answer is D. Any help will be greatly appreciated
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    Re: Need help with tariff question

    Revenue of foreign producers = revenue x price.
    Since the tariff is making the price move from $10 to $15, demand is lost.
    The value of this lost demand is shown by the difference in revenue --> (200 x 15) - (100 x 10)
    = 2000
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