A tariff on a product makes a. domestic sellers better off and domestic buyers w

Question

A tariff on a product makes a. domestic sellers better off and domestic buyers worseoff. b. domestic sellers worse off and domestic buyers worseoff. c.domesitc sellers better off and domestic buyers betteroff. d.domestic sellers worse off and domestic buyers betteroff. A tariff on a product makes a. domestic sellers better off and domestic buyers worseoff. b. domestic sellers worse off and domestic buyers worseoff. c.domesitc sellers better off and domestic buyers betteroff. d.domestic sellers worse off and domestic buyers betteroff.

Explanation / Answer

a. domestic sellers better off and domestic buyers worse off. Buyers have to pay more as a result of tariff increase.

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