Multiple Choice
Which of the following statements is false ?
A) As a result of a quota, consumers' surplus falls.
B) As a result of a tariff, producers' surplus rises.
C) As a result of a tariff, consumers' surplus falls.
D) As a result of a quota, producers' surplus rises.
E) As a result of a tariff, consumers' surplus rises.
Correct Answer:
Verified
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