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Multiple choice QUESTION 9 A tariff on a product a. will increase the domestic quantity demanded by domestic buyers. b. results into increase in producer
Multiple choice
QUESTION 9
A tariff on a product
a. will increase the domestic quantity demanded by domestic buyers.
b. results into increase in producer surplus plus tax revenuewhich is more than what the consumer losses.
c. will improve the welfare for everyone in the economy who imposes such tariff.
d. will increase the domestic quantity supplied by domestic producers.
QUESTION 10
- Figure:
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