When a tariff is imposed on a good, the price to consumers rises; rises falls; falls falls; rises rises; falls and the amount imported

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter9: Application: International Trade
Section9.2: The Winners And Losers From Trade
Problem 2QQ
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When a tariff is imposed on a good, the price to consumers _____ and the amount imported _____.

 
When a tariff is imposed on a good, the price to consumers
rises; rises
falls; falls
falls; rises
rises; falls
and the amount imported
Transcribed Image Text:When a tariff is imposed on a good, the price to consumers rises; rises falls; falls falls; rises rises; falls and the amount imported
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