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Author Question: Suppose the U.S. government imposes a $0.75 per pound tariff on coffee imports. Figure ... (Read 71 times)

londonang

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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 londonang on Mar 16, 2019

wtf444

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