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Suppose the World Price of a Shirt Is $10

Question 176

Multiple Choice

Suppose the world price of a shirt is $10.If the United States imposes a tariff of $5 a shirt,then the price of a shirt in the


A) United States falls to $5.
B) United States rises to $15.
C) world falls to $5.
D) world rises to $5.
E) world rises to $15

Correct Answer:

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