Business, 06.05.2020 02:59 dogskid1937

Country X is a major buyer of Country Y’s grains. Assume Country X’s government announced an increase in taxes on its imports of Country Y’s grains effective next month.
How will this news likely affect consumers’ demand for grains in Country X?

A. It will increase now because the tax on imported grains will increase the future price of grains.
B. It will decrease now because the tax on imported grains will increase the future price of grains.
C. It will not change now because the tax on imported grains will increase the future price of grains.
D. It will increase now because the tax on imported grains will increase the current price of grains.
E. It will decrease now because the tax on imported grains will increase the current price of grains.

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Country X is a major buyer of Country Y’s grains. Assume Country X’s government announced an increas...