Refer to the diagram, where S d and D d are the domestic supply and demand for a product and P c is the world price of that product. With a P c P t per-unit tariff, per-unit revenue received by domestic and foreign producers respectively will be:





A.  P c and P a .

B.  P a and P c .

C.  P a and P t .

D.  P t and P c .


D.  P t and P c .

Economics

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