A tariff imposed by Canada on Japanese cars ________ the price of cars in Canada and ________ the quantity of Japanese cars imported into Canada.
A) raises; increases
B) raises; does not change
C) lowers; decreases
D) raises; decreases
E) lowers; increases
Answer: D) raises; decreases
Economics
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A) one. B) infinity. C) zero. D) equal to the absolute value of the slope of the demand curve.
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If a commercial dairy farm wants to raise funds to purchase feeding troughs, it does so in the
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