Question: (a) What does consumer demand theory predict will happen to the quantity demanded of a commodity if its price rises (for example, as a result

(a) What does consumer demand theory predict will happen to the quantity demanded of a commodity if its price rises (for example, as a result of a tax) while everything else is held constant?
(b) What do you predict would happen to the quantity of imports of a commodity if its price to domestic consumers rose (for example, as a result of a tax on imports)?

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