Recall the Application About the Cost of Protecting a Luggage

question 35

Multiple Choice

Recall the application about the cost of protecting a luggage job,luggage and handbags are subject to import quotas and tariffs that decrease the supply of luggage and increase the price to consumers by 13 percent.These policies protect 226 jobs in the industry,which of the following statements is true about the impact of protecting these jobs?

• A)Consumer surplus increases.
• B)Consumer surplus decreases.
• C)Producer surplus decreases.
• D)none of the above