Multiple Choice
The tariff levied in a "large country" (Home) ,lowers the world price of the imported good.This causes
A) foreign consumers to demand less of the good on which was levied a tariff.
B) foreign suppliers to produce less of the good on which was levied a tariff.
C) domestic demand for imports to increase.
D) domestic demand for imports to decrease.
E) no change in the foreign price of the good it imports.
Correct Answer:
Verified
Correct Answer:
Verified
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