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solved:19. (02.09 MC) What will happen to an economy that produces and... - Ray writers

solved:19. (02.09 MC) What will happen to an economy that produces and…

by | Jun 24, 2022 | Uncategorized | 0 comments

  

19. (02.09 MC) What will happen to an economy that produces and…19. (02.09 MC)What will happen to an economy that produces and imports(not exports) a good if an import tariff is removed? (2 points) There will be a decrease in consumer surplus for domestic consumers. Domestic producer surplus will increase. The domestic consumption of the good will increase. Both domestic production and imports will increase. There will be some deadweight loss. Business Economics Microeconomics

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