Examlex

Solved

Use the Following to Answer Question

question 173

Multiple Choice

Use the following to answer question: Use the following to answer question:   -(Figure: A Tariff on Oranges in South Africa) Use Figure: A Tariff on Oranges in South Africa.When the government imposes a tariff on imported oranges,the price of oranges in South Africa rises from P<sub>W</sub> to P<sub>T</sub> and the volume of imports falls to: A) Q<sub>2</sub> - Q<sub>1</sub>. B) C<sub>1</sub> - C<sub>2</sub>. C) C<sub>1</sub> - Q<sub>1</sub>. D) C<sub>2</sub> - Q<sub>2</sub>.
-(Figure: A Tariff on Oranges in South Africa) Use Figure: A Tariff on Oranges in South Africa.When the government imposes a tariff on imported oranges,the price of oranges in South Africa rises from PW to PT and the volume of imports falls to:


Definitions:

Assignor

The party in an agreement who transfers their rights or property to another, called the assignee.

Assignee

A person, party, or entity to whom a contract or legal right has been transferred.

Assignor

The party in a contract or agreement who transfers their rights or interests to another party, known as the assignee.

Assignee

An individual or entity to whom rights or interests are transferred by another.

Related Questions