Question: in Imports T-shirt imports decrease by 30 million from 40 million to 10 million a year. Both the decrease in purchases and the increase in

in Imports T-shirt imports decrease by 30 million from 40 million to 10 million a year. Both the decrease in purchases and the increase in domestic production contribute to this decrease in imports.

Tariff Revenue The government’s tariff revenue is $20 million—$2 per Tshirt on 10 million imported T-shirts—shown by the purple rectangle.

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Winners, Losers, and the Social Loss from a Tariff

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