In an open economy, the quantity demanded of TVs in the domestic market will be ________. 

Both tariffs and import quotas

a. increase the quantity of imports and raise the domestic price of the good. b. increase the quantity of imports and lower the domestic price of the good. c. decrease the quantity of imports and raise the domestic price of the good. d. decrease the quantity of imports and lower the domestic price of the good.

Suppose the income tax rate is 0 percent on the first $10,000; 10 percent on the next $20,000; 20 percent on the next $20,000; 30 percent on the next $20,000; and 40 percent on all income above $70,000. Family A has income of $100,000 while Family B has income of $40,000. The marginal tax rates faced by the two families are

A) 40 percent on A and 10 percent on B. B) 40 percent on A and 20 percent on B. C) 30 percent on A and 20 percent on B. D) 30 percent on A and 30 percent on B.