题目内容
Graphically, consumer surplus is represented by the area above the demand curve and below the product's market ptice.
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Producer surplus is the revenue producers receive over and above the minimum necessary for production.
For a "small" country, a tariff raises the domestic price of an imported product by the full amount of the duty.
Although an import tariff provides the domestic government additional tax revenue, it benefits domestic consumers at the expense of domestic producers.
An import tariff reduces the welfare of a "small" country by an amount equal to the redistribution effect plus the revenue effect.
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