If a country removes a tariff on imported shoes we expect the domestic price of shoes to and the number of shoes consumed in the domestic market to a. fall; fall b. fall; ri c. rise; fall d. rise; rise
If a country removes a tariff on imported shoes we expect the domestic price of shoes to and the number of shoes consumed in the domestic market to a. fall; fall b. fall; ri c. rise; fall d. rise; rise
Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter9: Application: International Trade
Section: Chapter Questions
Problem 7PA
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![If a country removes a tariff on imported shoes,
we expect the domestic price of shoes to
and the number of shoes consumed in the
domestic market to
a. fall; fall b. fall; rise
c. rise; fall d. rise: rise](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8dbc5621-5034-4ac3-afed-f075b698457d%2F56f7fe55-21e1-4cf1-8279-afee2b43da46%2Fampe1j_processed.jpeg&w=3840&q=75)
Transcribed Image Text:If a country removes a tariff on imported shoes,
we expect the domestic price of shoes to
and the number of shoes consumed in the
domestic market to
a. fall; fall b. fall; rise
c. rise; fall d. rise: rise
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