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Consider a Good That Is Both Imported and Produced Domestically

Question 67

Multiple Choice

Consider a good that is both imported and produced domestically.The imposition of a tariff on this good causes a(n) ________ in consumer surplus and a(n) ________ in producer surplus.


A) increase; increase
B) decrease; decrease
C) decrease; increase
D) increase; decrease
E) remain the same; decrease

Correct Answer:

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