A tariff is imposed on strawberries. The tariff will ___________ the price of strawberries in the domestic market, _____________ the quantity of strawberries imported in the domestic market, and ____________ consumers' surplus

A) raise; lower; lower
B) lower; raise; lower
C) raise; lower; raise
D) lower; lower; raise

A

Economics

You might also like to view...

The real interest rate equals the nominal interest rate ________ the inflation rate

A) times B) minus C) divided by D) plus

Economics

Which of the following phrases would be used to describe an income amount?

a. per year b. per month c. per week d. All of the above are correct.

Economics