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If the United States Imposed a 25 Percent Tariff on Imports

Question 179

Multiple Choice

If the United States imposed a 25 percent tariff on imports of minivans, the effect would be to


A) raise the price and reduce the quantity of imports.
B) raise the price and the quantity of imports.
C) lower the price and the quantity of imports.
D) raise the quantity and reduce the price of imports.

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