Canada Is a Net Importer of Durable Consumer Goods (Washing

question 97

Multiple Choice

Canada is a net importer of durable consumer goods (washing machines,refrigerators,etc.) .If Canada,a small country in global markets,imposes a 15% tariff on these goods,we would expect to observe

• A)a reduction in the production of these goods in Canada.
• B)an increase in the quantity imported of these goods.
• C)an upward shift in the demand curve for these goods.
• D)an increase in the price paid by Canadian consumers.
• E)a decrease in the price paid by Canadian consumers.