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Click Submit to complete this assessment. Question 5 The textiles industry in the US came under severe competition from China and India after the Clinton Administration agreed to give both countries "most favored nation" trading status, which reduced tariffs on goods coming into the US from both countries. How did this affect the price of textiles in the US? 2 points Question 5 of 5 Save Answer Price fell as imports increased. O Price rose as imports increased. O Price fell as exports decreased. O Price rose as exports increased. O Click Submit to complete this assessment. Close Window Question 5 of 5 Save and Submit