Multiple Choice
A tariff is imposed on a good. This ________ the quantity supplied, ________ the quantity demanded, and ________ the price in the home country.
A) increases; decreases; raises
B) increases; does not change; does not change
C) increases; increases; raises
D) increases; decreases; lowers
E) decreases; increases; lowers
Correct Answer:
Verified
Correct Answer:
Verified
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