When a small nation imposes an import tariff ___________.
1
The domestic price of the importable commodity decreases by the full amount of the tariff for consumers in the nation
2
The domestic price of the importable commodity rises by the full amount of the tariff for consumers in the nation
3
The domestic price of the importable commodity remains constant for consumers in the nation
4
The domestic prices of the inputs of importable commodity rises by the full amount of the tariff for producers in the nation