Related to the Economics in Practice on page 669: If the candle makers in the petition were able to gain protection for their industry, the French economy would most likely

Question

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If the candle makers gained protection, it would limit competition and allow them to charge higher prices for their products. This would lead to consumers having to pay higher prices for candles, potentially causing a decrease in demand for candles and a decrease in overall economic efficiency. Therefore, the French economy would have to pay higher prices for candles if the candle makers gained protection.

Related to the Economics in Practice on Page 669: If