Figure 9-2 Suppose the U.S. Government Imposes a $0.75 Per Pound Tariff

question 25

Multiple Choice

Figure 9-2

Suppose the U.S. government imposes a $0.75 per pound tariff on coffee imports. Figure 9-2 shows the impact of this tariff.
-Refer to Figure 9-2.The tariff causes domestic consumption of coffee

• A) to fall by 27 million pounds.
• B) to fall by 7 million pounds.
• C) to rise by 6 million pounds.
• D) to rise by 20 million pounds.

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Diffusion

The process through which innovations, cultural practices, ideas, or technologies spread within and across societies.

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A marketing or advertising campaign that effectively increases brand awareness, sales, or other designated metrics of success.

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