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

question 129

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,if the economy is operating under free trade,who would be opposed to a tariff?

• A) Foreign producers
• B) Domestic consumers
• C) Domestic producers
• D) Both A and B would be opposed to a tariff.