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If Canada Reduces the Tariff Imposed on a Commodity from 10

Question 87

Multiple Choice

If Canada reduces the tariff imposed on a commodity from 10 percent to 5 percent, we would expect to observe


A) a downward shift in the commodity's demand curve.
B) an increase in quantity produced of the commodity in Canada.
C) an upward shift in the commodity's demand curve.
D) a reduction in the quantity produced of the commodity in Canada.
E) a reduction in the quantity consumed of the commodity in Canada.

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