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Suppose the United States increases the tariff on imported bluefin tuna. What would the consequences be
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27 votes
27 votes
Suppose the United States increases the tariff on imported bluefin tuna. What would the consequences be

User Dminuoso
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16 votes
16 votes

Answer:

The tariff raises the domestic price of the imported product, and domestic producers of the product raise their price when the domestic price of imports increases.

User Mafii
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