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Which of the Following Would Be Expected If the Tariff

Question 143

Multiple Choice

Which of the following would be expected if the tariff on foreign-produced automobiles was increased?


A) ​The domestic price of automobiles would fall.
B) ​The supply of foreign automobiles to the domestic market would be reduced, causing auto prices to rise.
C) ​The number of unemployed workers in the domestic automobile industry would rise.
D) ​The demand for foreign-produced automobiles would increase, causing the price of automobiles to increase in other nations.

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