NO.PZ2022071403000094
问题如下:
QuestionThe gain in government revenues arising from the imposition of the tariff is best described by area(s):
The diagram below shows the domestic demand and supply curves for a country that imports a commodity, where PW is its world price and PT is its domestic price after the imposition of a tariff.选项:
A.L. B.J. C.K + M.解释:
SolutionA is correct. With the imposition of the tariff, domestic supply will increase from Q1 to Q2, but domestic demand will fall from Q4 to Q3. The net amount imported will be Q3 – Q2. The change in government revenues is Area L, which is the rectangle (Q3 – Q2) × (PT – PW).
B is incorrect. It is the gain in producer surplus.
C is incorrect. It is deadweight loss.