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Suppose that, as part of an international trade agreement, the U.S. government reduces the tariff on imported coffee. Will this affect the supply or the demand for coffee? Why? Which determinant of demand or supply is being affected? Show graphically with before- and after-curves on the same axes. How will this change the equilibrium price and quantity of coffee? Explain your reasoning.

Respuesta :

Answer:

The explanation of that same issue is described throughout the explanation section below.

Explanation:

  • A tariff reduction might well transition the quantity supplied of coffee just to something like the right because many coffees could then be started to sell with such relatively low taxes collected by the government.
  • This same supply curve was influenced by the political regulation factor. Very few import taxes encourage consumers to sell further throughout the US. This same market value of the balance will indeed descend as well as the total amount will indeed increase.
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