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how do I calculate if the tariff was 5 Market Open Economy Open Economy with Tariff ($4) Change Consumer Surplus (CS) 242,000 162,000 -80,000 Producer
how do I calculate if the tariff was 5
| Market | Open Economy | Open Economy with Tariff ($4) | Change |
| Consumer Surplus (CS) | 242,000 | 162,000 | -80,000 |
| Producer Surplus (PS) | 16,000 | 36,000 | 20,000 |
| Tariff Revenue (TR) | 0 | 48,000 | 48,000 |
| Net Economic Value (NEV) | 258,000 | 246,000 | -12,000 |
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Water Pollution Economics Aspects And Research Needs
Authors: Allen V Kneese
1st Edition
1317387554, 9781317387558
