Multiple Choice
The accompanying table gives domestic supply and demand schedules for a product. Suppose that the world price of the product is $1. 
With a $1-per-unit tariff, prices (revenue per unit) received by domestic and foreign producers respectively will be
A) $2 and $1.
B) $1 and $2.
C) $2 and $2.
D) $3 and $2.
Correct Answer:
Verified
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