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(True or False with explanation?) The U.S. government currently imposes a $0.54 per gallon tariff on all ethanol imported into the country. If this tariff
(True or False with explanation?) The U.S. government currently imposes a $0.54 per gallon tariff on all ethanol imported into the country. If this tariff were removed, then all of the following are true: a. the domestic ethanol price falls. b. the domestic quantity of ethanol supplied declines. c. domestic consumer surplus increases. d. domestic producer surplus decreases
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