Question

The total amount of revenue collected from $1 per unit tariff on this product will be?

Answer 1

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.

Learn more about the Tarrif with the help of the given link:

brainly.com/question/11612474

#SPJ4

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".