Impact do foreign imports have on domestic price-quantity

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Reference no: EM13771601

The domestic supply-and-demand diagram below represents a product in which the United States does not have a comparative advantage.

a. What impact do foreign imports have on domestic price and quantity?

Imports (select reduce/increase) the domestic price, (select increasing/decreasing) consumption and (select increasing/decreasing) domestic production

Reference no: EM13771601

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