Suppose That Lumber,a Homogeneous Product,is Exported from Canada at the Current

Suppose that lumber,a homogeneous product,is exported from Canada at the current world price.If Canada imposes a 25% tariff on imported lumber,we would expect to observe

A) a decrease in domestic consumption and an increase in domestic production.
B) an increase in revenues for foreign lumber producers.
C) a decrease in tariff revenues for the Canadian government.
D) no change in the domestic consumption or production of lumber.
E) an increase in tariff revenues for the Canadian government.