This Graph Demonstrates the Domestic Demand and Supply for a Good,as

question 53

Multiple Choice

This graph demonstrates the domestic demand and supply for a good,as well as a tariff and the world price for that good. According to the graph shown,the change in consumer surplus brought about by the imposition of a tariff to an economy previously open to free trade is:

• A) an increase of HIJKL.
• B) a loss of HIJKL.
• C) a gain of DE.
• D) a loss of DE.

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