Business, 10.04.2020 17:47 wypozworski

Honduras is an importer of goose-down pillows. The world price of these pillows is $50. Honduras imposes a $7 tariff on pillows. Honduras is a price-taker in the pillow market. As a result of the tariff, the price of goose-down pillows in HondurasA. increases to a new price between $50 and $57 and the quantity of goose-down pillows purchased in Honduras decreases. B. increases to $57 and the quantity of goose-down pillows purchased in Honduras decreases. C. remains at $50 and the quantity of goose-down pillows purchased in Honduras decreases. D. increases to a new price above $57 and the quantity of goose-down pillows purchased in Honduras remains the same.

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Honduras is an importer of goose-down pillows. The world price of these pillows is $50. Honduras imp...

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