4.1 Tariff s bring about higher prices and revenues to domestic producers and lower sales and revenues

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4.1 Tariff s bring about higher prices and revenues to domestic producers and lower sales and revenues to foreign producers.

Tariff s lead to higher prices and reduce consumer surplus for domestic consumers.

Tariff s result in a net loss in welfare because the loss in consumer surplus is greater than the gain to producers and the government.

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Survey Of ECON

ISBN: 9780538478090

1st Edition

Authors: Robert L. Sexton

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Question Posted: Oct 25, 2024 08:02 AM

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4.1 Tariff s bring about higher prices and revenues to domestic producers and lower sales and revenues

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Survey Of ECON

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