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The diagram below shows the demand and supply curves for refrigerators in Canada. FIGURE 20minus1 Refer to Figure 20minus1. Suppose Upper P 0 is the
The diagram below shows the demand and supply curves for refrigerators in Canada. FIGURE 20minus1 Refer to Figure 20minus1. Suppose Upper P 0 is the world price. If Canada imposes a tariff causing the price of refrigerators in Canada to rise from Upper P 0 to Upper P 1, the Canadian government will collect tariff revenues equal to . . . Question content area right Part 1 A. (Upper P 1minusUpper P 0) multiplied by the tariff-induced quantity of refrigerators imported into Canada, Upper Q 1 Upper Q 5. B. the new price, Upper P 1, multiplied by the total quantity of refrigerators purchased in Canada, Upper Q 2. C. the original price Upper P 0, multiplied by the original quantity of refrigerators imported into Canada, Upper Q 1 Upper Q 5. D. (Upper P 1minusUpper P 0) multiplied by the tariff-induced quantity of refrigerators imported into Canada, Upper Q 2 Upper Q 4. E. the new price, Upper P 1, multiplied by the total quantity of refrigerators purchased in Canada, Upper Q 4
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