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farendrn farendrn
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A year ago

The diagram below shows supply and demand curves for bicycles in the domestic Canadian market. Assume that all bicycles are identical.



FIGURE 20-4

Refer to Figure 20-4. Suppose the world price of bicycles is $200 and Canada has in place a 50% import tariff on this good. The Canadian government will collect tariff revenue in the amount of ________ per year.



▸ $1.5 million

▸ $1.0 million

▸ $2.0 million

▸ $2.5 million

▸ $0.5 million
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Microeconomics

Microeconomics


Edition: 17th
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sania24sania24
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A year ago
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farendrn Author
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A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
ouasfoudgewu
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Yesterday
Thanks
ediblefruitz
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2 hours ago
Smart ... Thanks!
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