Multiple Choice
Figure 9-5
Suppose the U.S. government imposes a $0.75 per pound tariff on coffee imports. Figure 9-5 shows the impact of this tariff.
-Refer to Figure 9-5. The tariff causes domestic consumption of coffee
A) to fall by 21 million pounds.
B) to fall by 9 million pounds.
C) to rise by 6 million pounds.
D) to rise by 12 million pounds.
Correct Answer:
Verified
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