If the demand of an imported good is perfectly inelastic, a tariff imposed on its import will be: a. Paid entirely by the domestic producers of the good b. Paid entirely by the consumers of the good c. Split between the consumers and producers of the good d. Split between the domestic and foreign producers of the good

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A: Elimination of tariff would eliminate dead weight loss, thereby increasing Economic welfare.

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A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

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A:

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A: here we find the given as follow;

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A: We have the following information-

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A: Tariff results in deadweight loss.

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A: