After a tariff is imposed on a good, the price of the good
A) does not change.
B) falls.
C) rises.
D) rises only if the domestic demand for the good does not change.
E) might rise, fall, or not change depending on whether the government did or did not simultaneously impose a quota.
C
Economics
You might also like to view...
Supplier power tends to be low when
a. The supplier provides critical inputs b. The supplier provides homogenous inputs c. Both A&B d. None of the above
Economics
A . Explain why an inflationary gap is a problem. b. Explain the Keynesian view of how the government can close an inflationary gap
Economics