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When a Tariff on a Product Is Removed, It Will

Question 92

Multiple Choice

When a tariff on a product is removed, it will result in a(n) :


A) decrease in the supply of a product and a higher price.
B) increase in the supply of the product and a higher price.
C) increase in the supply of the product and a lower price.
D) decrease in the supply of the product and a lower price.

Correct Answer:

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