the following next question. Quantity Demanded Domestically 1,400 1,600 1,800 2,000 2,200 2,400 Quantity Supplied Domestically 2,200 2,000 1,800 1,600 1,400 1,200 Price $10 9. Assume the small-country model is applicable. If the world price of the product is $6 and a tariff of $1 per unit is applied to imports of the product, then the tariff would generate government revenues of O A) $600. B) $1,200. C) $800. D) $400.

Question
the following
next question.
Quantity Demanded
Domestically
1,400
1,600
1,800
2,000
2,200
2,400
Quantity Supplied
Domestically
2,200
2,000
1,800
1,600
1,400
1,200
Price
$10
9.
Assume the small-country model is applicable. If the world price of the product is $6
and a tariff of $1 per unit is applied to imports of the product, then the tariff would
generate government revenues of
O A) $600.
B) $1,200.
C) $800.
D) $400.
Expand
Transcribed Image Text

the following next question. Quantity Demanded Domestically 1,400 1,600 1,800 2,000 2,200 2,400 Quantity Supplied Domestically 2,200 2,000 1,800 1,600 1,400 1,200 Price $10 9. Assume the small-country model is applicable. If the world price of the product is $6 and a tariff of $1 per unit is applied to imports of the product, then the tariff would generate government revenues of O A) $600. B) $1,200. C) $800. D) $400.

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