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Tariff Assignment | Homework For You

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November 30th, 2019

If a Tariff in a small country reduces consumer surplus by $100, increases tariff revenue by $50, and increases producer surplus by $20, then which of the following is INCORRECT?

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a. National welfare falls by $30

b. National welfare falls by $50

c. Deadweight loss is $30

d.The protection cost is $30. Get Economics homework help today

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