If Canada imposes a tariff of $1 per imported shirt, the tariff

Question

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A) This is because Canadian shirt producers will face less competition from foreign producers due to the increase in price caused by the tariff.
B) This is because the increase in price caused by the tariff makes importing shirts less attractive for Canadian consumers.
C) This is because the tariff causes the price of imported shirts to increase, which will result in Canadian consumers paying more for shirts.
D) This is because the tariff creates a deadweight loss, which is a loss of economic efficiency that occurs when the cost of producing a good exceeds the value consumers place on it.
E) All of the above statements are correct.

If Canada Imposes a Tariff of $1 Per Imported Shirt