A small country is considering imposing a tariff on imported wine at the rate of $5 per bottle. Economists have estimated the following based on this tariff amount: Before the tariff is imposed, the country imports _____ bottles of wine, but following the imposition of the tariff, the country will import _____ bottles of wine.
A) 100,000; 100,000
B) 250,000; 50,000
C) 150,000; 50,000
D) 750,000; 650,000
Correct Answer:
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