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Q:

Graphical analysis of tariffs reveals that

A) they benefit domestic consumers at the expense of domestic producers. B) revenue gains outweigh the costs to domestic consumers.
C) they increase domestic production of the good for which imports face tariffs. D) although the benefits are not shared equally, everyone in the domestic economy benefits from tariffs

Answer:   C) they increase domestic production of the good for which imports face tariffs.



Explanation:
Subject: Indian Economy
Exam Prep: Bank Exams
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