How much revenue will the government collect from this


Suppose a tariff of $1300 per unit is place on cars. As a result, domestic production of cars increases from 50,000 cars per year to 81,000 cars per year, while domestic demand for cars drops from 139,000 cars per year to 108,000 cars per year. How much revenue will the government collect from this tariff each year?

Round your answer to two decimal places

Solution Preview :

Prepared by a verified Expert
Business Management: How much revenue will the government collect from this
Reference No:- TGS02490918

Now Priced at $10 (50% Discount)

Recommended (96%)

Rated (4.8/5)