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-When Compared with the Case of Free Trade,the Imposition of a Tariff

Question 24

Multiple Choice

  -When compared with the case of free trade,the imposition of a tariff of P<sub>c</sub>P<sub>t</sub> will: A) lower domestic price and increase domestic consumption B) increase the revenues of domestic producers by areas E + F + K C) increase the revenues of domestic producers by areas G + H D) increase the revenues of domestic producers by areas E + F + G + H + J E) increase the revenues of foreign producers by G + H
-When compared with the case of free trade,the imposition of a tariff of PcPt will:


A) lower domestic price and increase domestic consumption
B) increase the revenues of domestic producers by areas E + F + K
C) increase the revenues of domestic producers by areas G + H
D) increase the revenues of domestic producers by areas E + F + G + H + J
E) increase the revenues of foreign producers by G + H

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