A tax levied on imported goods is called a(n):

The demand curve shows the relationship between quantity demanded and

A) income. B) price. C) supply. D) quantity supplied.

Which of the following events would cause both the equilibrium price and equilibrium quantity of number two grade potatoes to increase if number two grade potatoes are an inferior good?

a. an increase in consumer income b. a decrease in consumer income c. greater government restrictions on agricultural chemicals d. fewer government restrictions on agricultural chemicals