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Author Question: -2 Suppose the U.S. government imposes a $0.75 per pound tariff on coffee imports. Figure ... (Read 64 times)

Bernana

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Figure 7-2








Suppose the U.S. government imposes a $0.75 per pound tariff on coffee imports. Figure 7-2 shows the impact of this tariff.  






Refer to Figure 7-2. The tariff causes domestic consumption of coffee


◦ to fall by 27 million pounds.
◦ to fall by 7 million pounds.
◦ to rise by 6 million pounds.
◦ to rise by 20 million pounds.


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Marked as best answer by Bernana on Mar 16, 2019

Liamb2179

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Bernana

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Reply 2 on: Mar 16, 2019
YES! Correct, THANKS for helping me on my review


aliotak

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Reply 3 on: Yesterday
Excellent

 

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