A tariff affects imports
a. by limiting quantity and raising price to a higher level.
b. by reducing quantity demanded so that supply falls.
c. by increasing supply, raising price, and reducing demand.
d. by raising price and reducing quantity demanded.
d
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What was not one of the Constitutional compromises about slavery?
a. Limited the importation of slaves to 20 years b. Northern states had to abide by the Southern states' slavery laws c. Prevented imported slaves from being taxed d. Slaves counted a 60% of a person for congressional representation
Refer to the budget line shown in the diagram. If the consumer's money income is $20, the:
A. prices of C and D cannot be determined.
B. price of C is $2 and the price of D is $4.
C. consumer can obtain a combination of 5 units of both C and D.
D. price of C is $4 and the price of D is $2.