Solved

After a Tariff Is Imposed on a Good,the Price of the Good

Question 23

Multiple Choice

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.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q18: When protection is encouraged to protect a

Q19: With no international trade,the U.S.price of wheat

Q20: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" The figure

Q21: Who gains from imports? How do they

Q22: When a nation exports a good,its _

Q24: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The table above

Q25: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" The figure

Q26: When a nation exports a good,its _

Q27: Which type of policy raises the most

Q28: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The above figure