Which of the following events would cause a movement along the demand curve for U.S. produced clothing,
Question:
a) The removal of quotas on the importation of foreign clothes
b) An increase in the income of U.S. citizens
c) A cut in the industry’s costs of producing domestic clothes that is passed on to the market in the form of lower prices
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a The removal of quotas will allow US consumers to buy more foreign clothing Because ...View the full answer
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