The total amount of revenue collected from $1 per unit tariff on this product will be $7.
What is revenue from tariffs?
A tax rate known as a revenue tariff is one that is used to obtain direct income from company revenues. The level of prices is significantly impacted by a revenue tariff.
How do tariffs bring in money?
As imports reach the domestic market, the government will earn more money because a tariff is a tax. Since import prices are artificially inflated, domestic sectors also profit from less competition.
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I understand that the question you are looking for is "The total amount of revenue collected from a $1-per-unit tariff on this product will be: $22. $14. $8. $7".
