A tariff raises the price of a good, reduces the domestic quantity demanded, increases the domestic quantity s

0 ⤊

a. True
b. False

2007-03-22 17:18:43 · 4 answers · asked by investing1987 3 in Social Science ➔ Economics

and increases the quantity imported.

2007-03-22 17:28:09 · update #1

answer B.

why would they increase supply by importing more, when demand has lowered?

2007-03-22 19:56:27 · answer #1 · answered by She-whom-shall-not-be-named 4 · 0⤊ 1⤋

b. Demand is static, though price equilibrium is lost.

2007-03-22 17:29:00 · answer #2 · answered by Anonymous · 0⤊ 0⤋

a. True

2007-03-22 17:24:42 · answer #3 · answered by JuanB 7 · 0⤊ 1⤋

true

2007-03-22 17:23:54 · answer #4 · answered by Bianca 2 · 0⤊ 1⤋