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Government collect from tariff each year

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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

Reference no: EM131695392

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