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A ban on imports, a tariff, or a quota raise the price to domestic consumers. This means that consumers will buy less of the product

A ban on imports, a tariff, or a quota raise the price to domestic consumers. This means that consumers will buy less of the product at a higher price. The loss associated with this is called _____.

a) production associated loss

b) deadweight loss

c) trade loss

d) barrier associated loss

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