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Given the following domestic supply and demand, what would be the approximate tax revenue for the U.S. if they imposed a $25 tariff on this
Given the following domestic supply and demand, what would be the approximate tax revenue for the U.S. if they imposed a $25 tariff on this good and the world price of the good is $275? Price ($) Supply (Thousands) Demand (Thousands) 200 200 0 225 100 25 250 50 50 275 25 100 300 0 200 Group of answer choices $0 $1,875 $2,500,000 $1,875,000
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