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This Graph Demonstrates the Domestic Demand and Supply for a Good,as

Question 111

Multiple Choice

This graph demonstrates the domestic demand and supply for a good,as well as a tariff and the world price for that good. This graph demonstrates the domestic demand and supply for a good,as well as a tariff and the world price for that good. According to the graph shown,the change in consumer surplus brought about by the imposition of a tariff to an economy previously open to free trade is: A) an increase of HIJKL. B) a loss of HIJKL. C) a gain of DE. D) a loss of DE.
According to the graph shown,the change in consumer surplus brought about by the imposition of a tariff to an economy previously open to free trade is:


A) an increase of HIJKL.
B) a loss of HIJKL.
C) a gain of DE.
D) a loss of DE.

Correct Answer:

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