Which of the following is true? a. The imposition of the tariff reduces consumer surplus to the area above the new


Which of the following is true?
a. The imposition of the tariff reduces consumer surplus to the area above the new price line and below the demand curve.
b. The imposition of the tariff reduces producer surplus to the area above the new price line and below the supply curve.
c. The imposition of the tariff increases consumer surplus to the area above the new price line and below the demand curve.
d. The imposition of the tariff increases producer surplus to the area above the new price line and below the supply curve.


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