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Commerce · Q5

Miscellaneous in Commerce

Graduate and Post Graduate · Commerce · question 5

Q5

Which of the following statements is correct in regards to tariff barrier? 1. It affects the price of imported goods. 2. It affects the quantity of imported goods. Select the correct answer:

A.
Only 1
Answer
B.
Only 2
C.
Both 1 and 2
D.
Neither 1 nor 2

Answer: Option A

Solution

Answer: Option A
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