What Should Happen to the Equilibrium Price and Quantity in a Market

question 73

Multiple Choice

What should happen to the equilibrium price and quantity in a market as a result of a tariff on imports?

• A)Equilibrium price and quantity should both go up.
• B)Equilibrium price should go up,and equilibrium quantity should go down.
• C)Equilibrium price should go down,and equilibrium quantity should go up.
• D)Equilibrium price and quantity should both go down.

---

Definitions:

Gestalt Psychologists

Psychologists who focus on human perception and cognitive processes, emphasizing the whole is greater than the sum of its parts.

Complex Pattern

A configuration of elements that are intricately entwined, making it complicated to understand, predict, or analyze.

Perception

The process by which individuals organize and interpret their sensory impressions in order to give meaning to their environment.

Induced Movement

The perception of motion caused by certain visual cues, leading stationary objects to appear as if they are moving.