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Business, 29.10.2019 04:31 QueeeenUknown7437

Which of the following situations will arise in the domestic market following the imposition of a tariff?
a. imports increase, domestic production increases, prices increase.
b. imports decrease, domestic production increases, prices increase.
c. imports decrease, domestic production increases, prices decrease.
d. imports increase, domestic production decreases, prices decrease.

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