Multiple Choice
Canada is a net importer of durable consumer goods (washing machines,refrigerators,etc.) .If Canada,a small country in global markets,imposes a 10% tariff on these goods,we would expect to observe
A) a reduction in the production of these goods in Canada.
B) an increase in the quantity imported of these goods.
C) an upward shift in the demand curve for these goods.
D) an increase in the price paid by Canadian consumers.
E) a decrease in the price paid by Canadian consumers.
Correct Answer:

Verified
Correct Answer:
Verified
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