The figure given below shows the market for computers in the U.S. The domestic price line inclusive of the tariff lies above the international price line. Dd and Sd are the domestic demand and supply curves of computers respectively. The imposition of a tariff on computers caused economic well-being in the U.S. to _____ by _____.
A) fall; $3 million
B) fall; $6 million
C) rise; $34 million
D) fall; $34 million
Correct Answer:
Verified
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