Multiple Choice

A small open economy that imports lentils imposes a 10% import tariff on lentils. If the lentil market satisfies the perfect market assumptions, what do you expect to be the effect of the tariff relative to free trade? (Select one or more.)

(a) Producer surplus increases for lentil producers.

(b) Producer surplus decreases for lentil producers.

(c) Total surplus in the lentil market increases.

(d) Total surplus in the lentil market decreases.

(e) The domestic price of lentils increases.

(f) The domestic price of lentils decreases.

(g) The quantity of lentils imported increases.

(h) The quantity of lentils imported decreases.

(i) The marginal rate of substitution of lentils increases.

(j) The marginal rate of substitution of lentils decreases