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A tariff levied in a 'large country' generates a world excess supply of the imported good. This is expected to cause: a. a fall in
A tariff levied in a 'large country' generates a world excess supply of the imported good. This is expected to cause: a. a fall in international prices of the good on which the tariff was levied. b. an increase in international prices of the good on which the tariff was levied. c. domestic demand for imports to unavoidably increase. d. no change in the foreign price of the good on which the tariff was levied. e. foreign consumers to demand less of the good on which the tariff was levied
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