Explain how lifting the U.S. import ban on haggis affects producers and consumers of haggis

Here is a tip:
Imports are the goods and services that are brought from the foreign country to the domestic country.

Explanation
Lifting the import ban in Country U lowers the price of product H. The lower price leads to more consumption and a surplus to consumers in Country U, making them better off. On the other hand, producers in Country U face a reduction in the surplus due to a fall in the production of product H and are worse off.

The lifting of the import ban increases the choices available for consumers.

Verified Answer
Consumers in Country U are better off as consumption increases owing to the price decline, while the producers in Country U are worse off as production of product H decreases, which impacts the revenue of producers.