Spain Is an Importer of Computer Chips,taking the World Price

Multiple Choice

Spain is an importer of computer chips,taking the world price of $12 per chip as given.Suppose Spain imposes a $5 tariff on chips.As a result,

A) Spanish consumers of chips and Spanish producers of chips both gain.
B) Spanish consumers of chips gain and Spanish producers of chips lose.
C) Spanish consumers of chips lose and Spanish producers of chips gain.
D) Spanish consumers of chips and Spanish producers of chips both lose.