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Llanis Llanis
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6 years ago
"Supporters of import restrictions and protectionist policies place greater weight on producer welfare than on consumer welfare." Comment.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
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wrote...
6 years ago
Import restrictions increase the producer surplus of domestic producers. Consumer surplus, however, decreases by more than producers gain. Thus, the statement seems to be correct.
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