What Effect Does a Tariff on a Particular Good Have

question 17

Multiple Choice

What effect does a tariff on a particular good have?

• A)It results in a higher total quantity sold.
• B)It redistributes income away from foreign producers toward domestic producers.
• C)It decreases the price of the good to domestic consumers.
• D)It increases the net-of-tariff price received by foreign producers.

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