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Author Question: Canada is a net importer of durable consumer goods (washing machines, refrigerators, etc.). If ... (Read 93 times)

elarge

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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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Marked as best answer by elarge on Oct 12, 2022

ALuthy

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elarge

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)


DylanD1323

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Reply 3 on: Yesterday
Wow, this really help

 

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