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.
Correct Answer:
Verified
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