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Denmark Is an Importer of Computer Chips,taking the World Price

question 154

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Denmark is an importer of computer chips,taking the world price of $12 per chip as given.Suppose Denmark imposes a $5 tariff on chips.Which of the following outcomes is possible?


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Scientific

Relating to or based on the methods and principles of science, involving systematic observation, experiment, and reasoning to acquire knowledge.

Quantitative

Quantitative refers to a type of information or data that can be measured and expressed numerically, often used in research to quantify behaviors, opinions, or other defined variables.

Popular

Liked, admired, or enjoyed by many people or by a particular person or group.

Psychologists

Professionals who study cognitive, emotional, and social processes and behavior by observing, interpreting, and recording how individuals relate to one another and to their environments.

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