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