If a tariff is imposed on imported televisions, we expect domestic demand for televisions to:
A) fall, and the total supply to increase.
B) rise, and the total supply to decrease.
C) rise, and the total supply to rise.
D) remain unchanged, and the total supply to decrease.
Ans: D) remain unchanged, and the total supply to decrease.
Economics
You might also like to view...
What are the factors that have been identified that affect a migration decision? Give examples of each
What will be an ideal response?
Economics
In game in Scenario 13.8,
A) Y is a dominant strategy for IVY Corp. B) Z is a dominant strategy for IVY Corp. C) A is a dominant strategy for SAC Group. D) B is a dominant strategy for SAC Group. E) No firm has a dominant strategy.
Economics