Essay
If the United States increases tariffs on imports of lumber from Canada (which causes the price of lumber to increase in the United States), the equilibrium price of new homes in the United States will and the equilibrium quantity of new homes in the United States will
________.
A.increase; increase
B.increase; decrease
C.decrease; increase
D.decrease; decrease
Correct Answer:

Verified
Correct Answer:
Verified
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