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The Higher Price of Imported Products Due to Trade Barriers

Question 256

Multiple Choice

The higher price of imported products due to trade barriers causes some consumers to shift their purchases to a domestically produced product that is now


A) lower in price because import competition has risen.
B) higher in price because import competition has risen.
C) higher in price because import competition has declined.
D) lower in price because import competition has declined.

Correct Answer:

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