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jaspinder kaur jaspinder kaur
wrote...
Posts: 509
4 years ago
Recall the Application about the cost of using import restrictions to protect jobs in the luggage industry to answer the following question(s). According to a report from the Federal Reserve Bank of Dallas, import restrictions in the luggage industry protect about 226 jobs and reduce consumer surplus by $290 million.


Recall the Application. Import restrictions in the luggage industry in the United States have ________ the supply of luggage and ________ the price of luggage in the United States.

▸ decreased; increased

▸ increased; decreased

▸ decreased; decreased

▸ increased; increased
Textbook 
Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools


Edition: 8th
Authors:
Read 111 times
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Replies
wrote...
4 years ago
decreased; increased
jaspinder k. Author
wrote...
4 years ago
Thank you, thank you, thank you!
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