Solved

After a Tariff Is Imposed,consumers Must Pay a Price Equal

Question 163

Multiple Choice

After a tariff is imposed,consumers must pay a price equal to the


A) world market price.
B) domestic equilibrium price when there is no trade.
C) world market price plus the tariff.
D) world market price less the tariff.
E) domestic equilibrium price when there is no trade plus the tariff.

Correct Answer:

verifed

Verified

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

Related Questions

Q158: Country A imports 1,000 cars per month.After

Q159: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The above figure

Q160: As a result of U.S.tariffs imposed on

Q161: A country exports a good if<br>A) it

Q162: A quota is<br>A) a tax on imports.<br>B)

Q164: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The above figure

Q165: Most t-shirts bought by Americans are made

Q166: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" The figure

Q167: Which of the following is true?<br>i.Compared to

Q168: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The figure above