When a new tariff is placed on imported furniture, which of the following is expected to happen in the domestic market for furniture, all else being equal?

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When a new tariff is placed on imported furniture, the price of imported furniture increases. This makes domestic furniture relatively cheaper, leading to a decrease in consumer surplus because consumers now pay more for furniture, whether imported or domestic. Producer surplus increases because domestic producers can sell their furniture at higher prices due to reduced competition from imports.

When a New Tariff Is Placed on Imported Furniture, Which