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If an Import Tariff Is Reduced, the Domestic Quantity Demanded

Question 117

Multiple Choice

If an import tariff is reduced, the domestic quantity demanded is ____ and the quantity supplied domestically is ____, ____ the quantity of goods imported.


A) ​greater; lower; reducing.
B) ​lower; greater, reducing.
C) ​greater; lower; increasing.
D) ​lower; greater; increasing.

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