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Canada is a net importer of durable consumer goods (washing machines, refrigerators, etc.). If ...

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Canada is a net importer of durable consumer goods (washing machines, refrigerators, etc.). If ...

Canada is a net importer of durable consumer goods (washing machines, refrigerators, etc.). If Canada, a small country in global markets, imposes a 15% tariff on these goods, it will cause

▸ a reduction in tariff revenue collected by the Canadian government.

▸ an increase in the quantity imported of these goods.

▸ a decrease in the price consumers pay for these goods in Canada.

▸ an upward shift in the demand curve for these goods.

▸ a reduction in the consumption of these goods in Canada.

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Microeconomics

Edition: 17^th

Author: Ragan

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