Canada is a net importer of durable consumer goods (washing machines,refrigerators,etc.) .If Canada initially has no tariffs and it then imposes a 15% tariff on these goods,we would expect to observe
A) a reduction in the production of the commodity in Canada.
B) an upward shift in the commodity's supply curve.
C) an upward shift in the commodity's demand curve.
D) a downward shift in the commodity's demand curve.
E) an increase in the tariff revenue collected by the Canadian government.
Correct Answer:
Verified
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