39) Refer to Figure 34-2. If Canada imposes a tariff of $t per pair of jeans, the deadweight loss to the Canadian economy is represented by the area A) E +H. B)E+F+G+H. CD+E+F+G+ H D ) B+C. E) H.

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Nestor RutherfordLv2

16 Aug 2018

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The diagram below shows the domestic demand and supply curves for cotton towels in Canada. The prevailing world price of cotton towels is PW. Assume that all cotton towels are identical. Price ++ I I 02 04 03 Quantity of cotton towels FIGURE 34-3 23) Refer to Figure 34-3. If Canada imposes a tariff of $t per cotton towel, the deadweight loss to the Canadian economy is shown by area A) A +B+C. B) A+B+C+D. C) B+D. DC. E) C +H.

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32. What area represents the deadweight loss created by the tariff? (a) E + H. (b) E + G + H. (C) E + F + G + H. (d) E+ F + H.