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capriciossa capriciossa
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The diagram below shows supply and demand curves for comic books in the domestic Canadian market.



FIGURE 20-5

Refer to Figure 20-5. The world price is $3 per comic book. Canada engages in free international trade then imposes a $2 tariff on comic books. With this change, the Canadian producers' revenue ________ per month.



▸ decreases by $1 980 000

▸ decreases by $1 080 000

▸ increases by $1 200 000

▸ increases by $840 000

▸ increases by $2 400 000
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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omolola69omolola69
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