12. Consider the graph below that depicts what happens when imposing a tariff (t) on the imports of wheat for an economy. Pw is the price of wheat that prevails in the world market. Domestic Price demand Domestic supply Quantity Which of the following statements is TRUE after implementing the tariff? A. If the tariff t is imposed as shown in the graph, then foreign exporters will receive a price Pd (=Pw+t) for each unit of wheat exporting into the economy. B. The tariff protects jobs at home, as domestic production will rise to Q3. C. The consumer surplus drops by area (d). O D. The tariff causes the loss in total welfare by area (b+d)