Introducing a tariff on vitamin E would:
a. reduce imports of vitamin E
b. increase U.S. consumption of domestically produced vitamin E.
c. decrease total U.S. consumption of vitamin E.
d. all of the above.
d
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The ground rules, customs, and conventions that govern the behavior of market participants are often referred to as institutions
Indicate whether the statement is true or false
A decrease in the expected future price of cars
A) increases the current quantity demanded of cars, that is, there is a movement downward along the demand curve for cars. B) increases the current demand for cars, that is, there is a rightward shift of the demand curve for cars. C) decreases the current quantity demanded of cars, that is, there is a movement upward along the demand curve for cars. D) decreases the current demand for cars, that is, there is a leftward shift of the demand curve for cars.