Answer:
Net income is $5,578.30
Explanation:
Please refer to the attached file
The increase in the domestic price of both imported goods and the domestic substitutes reduces the amount of consumer surplus in the market. Tariff effects on the importing country's producers. ... The increase in the price of their product on the domestic market increases producer surplus in the industry.
Hello! Sorry this is a little late.
I believe the correct answer to your question is $87.75.
I hope this helps, and have a great rest of your day!
Producer & Consumer should be the correct answer
