Multiple Choice

Sweden is an importer of goose down parkas.The world price of these parkas is $500.Sweden imposes a $17 tariff on parkas.Sweden is a price taker in the parka market.As a result of the tariff,who will gain
A) Swedish consumers of parkas will gain and producers will lose.
B) Swedish consumers of parkas will lose and producers will gain.
C) Swedish consumers of parkas will gain and producers will gain.
D) Swedish consumers of parkas will lose and producers will lose.
Correct Answer:
Verified
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