Question: what did I do wrong Total surplus before 4000+17500=21500 total surplus after 12000+9000=21000 changes = 500 thousands 111. Suppose that the world price of TVs

what did I do wrong

Total surplus before 4000+17500=21500

total surplus after 12000+9000=21000

changes = 500 thousands

111. Suppose that the world price of TVs is $500 and the government imposes a $100 tariff. According to the gure, the tariff causes total surplus to decrease by: Price Quantity of W5 ([1 thousands) a. $1,500,000. b. $3,000,000. 0. $4,500,000. d. $6,000,000

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