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-Refer to the Above Diagram,where Sd and Dd Are the Domestic

question 80

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  -Refer to the above diagram,where S<sub>d</sub> and D<sub>d</sub> are the domestic supply and demand for a product and P<sub>c</sub> is the world price of that product.S<sub>d</sub> + Q is the product supply curve after an import quota is imposed.A tariff of P<sub>c</sub>P<sub>t</sub> will: A)  lower domestic price and increase domestic consumption. B)  increase the revenues of domestic producers by areas E + F + K. C)  increase the revenues of domestic producers by areas G + H. D)  increase the revenues of domestic producers by areas E + F + G + H + J.
-Refer to the above diagram,where Sd and Dd are the domestic supply and demand for a product and Pc is the world price of that product.Sd + Q is the product supply curve after an import quota is imposed.A tariff of PcPt will:


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