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Restricting the Importation of Foreign Automobiles Will

Question 97

Multiple Choice

Restricting the importation of foreign automobiles will:


A) raise the price of foreign automobiles but decrease the price of domestic automobiles.
B) raise the price of both foreign and domestic automobiles.
C) cause domestic producers to sell their automobiles at lower prices because of reduced competition.
D) lower the price of foreign automobiles but raise the price of domestic automobiles.

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