Multiple Choice
Refer to the diagram, where Sd and Dd are the domestic supply and demand for a product and Pc is the world price of that product. With a Pc Pₜ per-unit tariff, per-unit revenue received by domestic and foreign producers, respectively, will be
A) Pc and Pₐ .
B) Pₐ and Pc .
C) Pₐ and Pₜ .
D) Pₜ and Pc .
Correct Answer:
Verified
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