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If the USgovernment Implements a Tariff on Chinese Tire Imports,the Price of Price

Question 31

Multiple Choice

If the U.S.government implements a tariff on Chinese tire imports,the price of Chinese-made tires will ________,the quantity demanded will ________,and consumer surplus will ________.


A) increase; decrease; decrease
B) increase; not change; increase
C) decrease; increase; not change
D) increase; decrease; increase

Correct Answer:

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