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a. The supply of the commodity will increase.
b. The price of the commodity will increase.
c. Domestic production of the commodity will increase.
d. All of the above will result from an import tariff.
Answer is b
Due to increased tariff:
Supply will decrease as there will be lower demand
Price will increase due to higher cost
Domestic production may and may not increase depending on capacity of buyer country to produce domestically
All answers cannot be correct.
So answer is B
The price of the commodity will increase
Option A
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B and C.
Due to Impose of Tariff, Price will Increase and Due to Price increase Domestic Production will increase.
My Answer IS Option " A " .
********I think the answer is b. The price of the commodity will increase. ***************
My choice is..............a.........
agree with all experts.............................................................
that's A _______________________________
the answer is : Option ( A )
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