CFA Practice Question

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CFA Practice Question

After the tariff, consumer surplus will be ______ and producer surplus will be ______.
Correct Answer: A+ D; B + C

Consumer surplus: A + D. It will decrease by B + E + F + G.

Producer surplus: B + C. It will increase by B.

User Contributed Comments 1

User Comment
Hermalia E+G is deadweight loss and F is what goes to the government.
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