Turkey is an importer of goose-down pillows.The world price of these pillows is $50.Turkey imposes a $7 tariff on pillows.Turkey is a price-taker in the pillow market.As a result of the tariff,
A) Turkish consumers of pillows become worse off and Turkish producers of pillows become worse off.
B) Turkish consumers of pillows become worse off and Turkish producers of pillows become better off.
C) Turkish consumers of pillows become better off and Turkish producers of pillows become worse off.
D) Turkish consumers of pillows become better off and Turkish producers of pillows become better off.
Correct Answer:
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