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Tariffs Result in a Decrease in Consumer Surplus Because

Question 114

Multiple Choice

Tariffs result in a decrease in consumer surplus because:


A) ​the price and the quantity consumed of the protected good increases.
B) ​the price and the quantity consumed of the protected good decreases.
C) ​the price of the protected good increases and quantity consumed decreases.
D) ​the price of the protected good decreases and quantity consumed increases.

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