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The US government announced a tax on imported leather. At the same time, leather jackets have increased in popularity among teens and young-adult population. Given these events, the final effect in the leather jacket market would be:. And, the final effect on the market of leather would be: 7. 8. OPEC (Organization of the Petroleum Exporting Countries) announced it will decrease oil production by 20 percent in the near future. At the same time, Indias income increased from $3,400 per capita to $5,250 per capital last year, prompting a strong demand for cars and gasoline The final effect on the market of cars is:

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