An increase in the price of steel to car manufacturers will cause
A) the quantity demanded for cars to increase.
B) the demand for cars to decrease.
C) the quantity supplied of cars to increase.
D) the supply curve for cars to shift left.
Answer: D
Economics
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In the figure above, the U.S. government's revenue from the tariff is ________
A) $64 million B) $32 million C) $128 million D) $48 million
Economics
The demand for current consumption, as plotted against current income, shifts to the right due to all of the following except
A) a decrease in current taxes. B) a decrease in future taxes. C) an increase in current income. D) an increase in future income.
Economics