If a nation fitting the criteria for the large nation model imposes an import tariff
Options:
| a. the domestic price of the product will increase by more than the tariff itself b. the domestic price of the product will increase by the same amount as the tariff c. the domestic price of the product will increase by less than the tariff d. none of the above |
The Correct Answer Is:
c. the domestic price of the product will increase by less than the tariff