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When a tariff is levied on a good, the domestic price of that good will: decrease. increase. fall by the amount of the tariff. remain
When a tariff is levied on a good, the domestic price of that good will: decrease. increase. fall by the amount of the tariff. remain constant
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International Economics Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
9th Edition
978-0132146654, 0132146657, 9780273754091, 978-0273754206
