18 If the U.S. government decided to impose a tariff on foreign-made televisions sold in the United...

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18 If the U.S. government decided to impose a tariff on foreign-made televisions sold in the United States, you could predict that the tariff would

(increase, decrease) the price of foreign-made televisions, which would (increase, decrease) the

(demand, supply) of foreign-made televisions, in turn

(increasing, decreasing) the price of foreign-made televisions and

(increasing, decreasing) the quantity of televisions brought into the United States.

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Fundamentals Of Economics

ISBN: 9780618992676

4th Edition

Authors: William Boyes , Michael Melvin

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