Related to the Economics in Practice on p.679: If the candle makers in the petition were able to gain protection for their industry,the French economy would most likely

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If the candle makers were able to gain protection for their industry, it would most likely result in higher prices for candles as they would not face competition from foreign candle makers. This would lead to a decrease in consumer surplus and potentially increase producer surplus for the candle makers that were protected, but it would also result in an overall loss of economic welfare for the French economy. In the long run, it could also lead to a decrease in efficiency as the protected candle makers may become complacent and not strive to improve their production methods or innovate.

Related to the Economics in Practice on P