Multiple Choice
If Canada were to increase the tariff for steel by 50%, what would be the desired effect of this change?
A) to increase the price and amount of steel imports
B) to decrease the price and amount of steel imports
C) to increase the price of steel imports and decrease the amount of steel imports
D) to decrease the price of steel imports and increase the amount of steel imports
Correct Answer:
Verified
Correct Answer:
Verified
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