Denmark is an importer of computer chips, taking the world price of $12.00 per c

Question

Denmark is an importer of computer chips, taking the world price of $12.00 per chip given. Suppose Denmake imposes a $5.00 tariff on computer chips. As result

A. Danish consumers of computer chips and Danish producers of computer chips both gain
B. Danish consumers of computer chips gain and Danish producers of computer chips lose
C. Danish consumers of computer chips lose and Danish producers of computer chips gain
D. Danish consumers of computer chips and Danish producers of computer chips bith lose
E. only importers of computer chips into denmark gain

Explanation / Answer

D. Danish consumers of computer chips and Danish producers of computer chips bith lose

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