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After a Tariff Is Imposed, Consumers Must Pay a Price

Question 32

Multiple Choice

After a tariff is imposed, consumers must pay a price equal to the


A) domestic equilibrium price when there is no trade.
B) world market price less the tariff.
C) world market price.
D) domestic equilibrium price when there is no trade plus the tariff.
E) world market price plus the tariff.

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