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Use the graph below and the following information to answer the next question(s). The world price of soybeans is $5.00 per bushel, and the importing
Use the graph below and the following information to answer the next question(s). The world price of soybeans is $5.00 per bushel, and the importing country is small enough not to affect the world price. Suppose the government puts a tariff of $1.00 per bushel on soybean imports. How much will consumer surplus increase or decrease? 6 5 60 70 O $ 200 million, increase O $ 180 million, decrease O $160 million, increase O $ 165 million, decrease 130 140 Q/millions bushels D S World price
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