If the United States reduced tariffs on all softwood lumber, domestic _____ surplus would _____.

Name: If the United States reduced tariffs on all softwood lumber, domestic _____ surplus would _____.
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Question

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If tariffs were reduced on softwood lumber, imported lumber would become cheaper and more attractive to consumers, so domestic producers would face greater competition. As a result, the domestic producer surplus would decrease because they would have to lower prices to continue selling their lumber.

If the United States Reduced Tariffs on All Softwood Lumber