An import quota for sugar results in an increase in
A) the domestic market price of sugar.
B) the domestic demand for sugar.
C) the domestic market supply of sugar.
D) sugar imports.
A
Economics
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Management gets two numbers (price and quantity) from one decision because
a. the marginal utility of goods is fixed. b. producers use both technical and financial information. c. the demand curve consists of price and quantity pairs. d. the average cost curve has only one low point.
Economics
If tax revenues equal 25 percent of total output and government expenditures equal 20 percent of total output, then there is a:
A. government budget deficit. B. government budget surplus. C. trade deficit. D. trade surplus.
Economics