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Chako Chako
wrote...
Posts: 2948
8 years ago
The tariff levied in a "large country" (Home), lowers the world price of the imported good. This causes
A) no change in the foreign price of the good it imports.
B) domestic demand for imports to decrease.
C) foreign consumers to demand less of the good on which was levied a tariff.
D) domestic demand for imports to increase.
E) foreign suppliers to produce less of the good on which was levied a tariff.
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
Read 145 times
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Answer verified by a subject expert
machukianmachukian
wrote...
Top Poster
Posts: 2946
8 years ago
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Chako Author
wrote...
8 years ago
Makes a lot of sense, and you're right.. I appreciate the input
wrote...
7 years ago
Thanks for the feedback, I'm sure others will appreciate it too
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