Which of the following refers to the consumption effect of a tariff on imported automobiles?
A) The decline in the purchase of the imported product due to the increase in its price.
B) The net increase in the availability of the domestic automobiles for the consumers owing to higher prices.
C) The net increase in the government revenue by taxing the domestic consumers who buy the imported automobiles.
D) The net increase in the consumption of imported automobiles by the domestic consumers.
Correct Answer:
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