7/20/2017 11:13 AM Exhibit 34-11

Multiple Choice

7/20/2017 11:13 AM
Exhibit 34-11

-Refer to Exhibit 34-11.P_W is the price that exists in the market before a tariff is imposed and P_{W + T} is the price that exists in the market after a tariff is imposed.Because of the tariff,consumers' surplus falls and producers' surplus rises by the area

A) BCFE.
B) BCGE.
C) DBCG.
D) DBCF.
E) none of the above