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Which of the following are reasons that the sugar tariff gets passed even though economists would consider it economically inefficient? 1) Self-interested consumers who pressure
Which of the following are reasons that the sugar tariff gets passed even though economists would consider it economically inefficient? 1) Self-interested consumers who pressure their congressman to pass tariffs through emails and letters. [1) Major sugar producers who use campaign contributions to influence the voting decisions of politicians. Ill) Rationally ignorant consumers who don't not pay attention to the tariff because the costs are dispersed amongst many consumers. O Il and Ill only O I, II, and Ill O I and Ill only O I and II onlyA $25 tariff that caused the world price to increase from $150 to $175 would cause producer surplus to: Price Domestic Supply 175 World Supply . Tant 150 World Supply Domestic Demand 500 7501,000 : 1,300 Quantity 1.150 O decrease by $30,625 increase by $15,625 increase by $30,625 O impossible to determineA $25 tariff that increased the world price from $150 to $175 would cause consumer surplus to: Price Domestic Supply $200 175 World Supply + Tant 150 World Supply Domestic Demand 500 7501,000 : 1,300 Quantity 1,150 O impossible to determine O decrease by $15,625 O increase by $15,625 O decrease by $30,625
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