A Tariff on Imported Peanuts ________ the Quantity of Peanuts

question 65

Multiple Choice

A tariff on imported peanuts ________ the quantity of peanuts imported and ________ the domestic price of peanuts.

• A) decreases; decreases
• B) decreases; increases
• C) increases; lowers
• D) does not change; increases

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Definitions:

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