The Figure Given Below Depicts the Negatively Sloped Demand and Positively

The figure given below depicts the negatively sloped demand and positively sloped supply curves of wheat in a country.
Figure 20.2

-According to Figure 20.2, if the world price of wheat is $25 and a tariff of $25 is imposed by the domestic government, the total tariff revenue collected by the government is:

A) $2,000.
B) $0.
C) $200.
D) $100.
E) $4,000

Correct Answer:

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