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A Ban on Imports,a Tariff,or a Quota Raise the Price

Question 41

Multiple Choice

A ban on imports,a tariff,or a quota raise the price to domestic consumers.This means that consumers will buy less of the product at a higher price.The loss associated with this is called


A) production associated loss.
B) productive consumption loss.
C) consumption distortion loss.
D) consumer misperception loss.

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