Reducing a tariff will _________the domestic production of the good and _________the total domestic consumption of the good.

Name: Reducing a tariff will _________the domestic production of the good and _________the total domestic consumption of the good.
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Question

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Reducing a tariff makes imported goods cheaper, leading to decreased domestic production as consumers buy more imports. This also increases total domestic consumption due to lower prices.

Reducing a Tariff Will _________The Domestic Production of the Good