A tariff increases consumer surplus decreases producer


Which of the following statements about a tariff is true?

a. A tariff in Creases producer surplus, decreases consumer surplus, increases revenue to the government, and reduces total surplus.

b. A tariff increases consumer surplus, decreases producer surplus, increases revenue to the government, and reduces total surplus.

c. A tariff increases producer surplus, decreases consumer surplus, increases revenue to the government, and increases total surplus,

d. A tariff increases consumer surplus, decreases producer surplus, increases revenue to the government, and increases total surplus.

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Econometrics: A tariff increases consumer surplus decreases producer
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