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.