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Question 46

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Use the following to answer questions:
Figure: Trade 2 Use the following to answer questions: Figure: Trade 2 -(Figure: Trade 2) Refer to the figure. In this figure representing the market for oil, by how much will domestic oil consumption increase or decrease following a tariff on imported oil? A) increase by 250 units B) increase by 300 units C) decrease by 500 units D) decrease by 150 units
-(Figure: Trade 2) Refer to the figure. In this figure representing the market for oil, by how much will domestic oil consumption increase or decrease following a tariff on imported oil?


A) increase by 250 units
B) increase by 300 units
C) decrease by 500 units
D) decrease by 150 units

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