(Choose 1 answer)
Refer to the figure above, which shows domestic supply and demand. If P1 is equal to P2 (theworld price) plus a tariff, then the social loss from the tariff is equal to
A. P1(Q3-Q2)
B. a+b+c
C. a+c
D. b
E. P2[(Q2-Q1)+(Q4-Q3)]
Price
P_{1}
P_{2}
Q_{1}
Q_{2}
Q_{3}
Q_{4}
Quantity
5
