The Figure Given Below Shows the Market for Shoes in the U.S

question 40

Multiple Choice

The figure given below shows the market for shoes in the U.S. The domestic price line with tariff lies above the international price line. D_d and S_d are the domestic demand and supply curves of shoes respectively. The imposition of a tariff on shoes caused economic welfare in the U.S. to _____ by an amount measured by the area _____.

• A)fall; c
• B)fall; (b + d)
• C)rise; (b + c+ d)
• D)rise; (a + c)

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Definitions:

Haploid Nuclei

Nuclei containing a single set of chromosomes, typical of gametes in sexually reproducing organisms.

Nitric Oxide

A gaseous signaling molecule involved in many physiological and pathological processes within the mammalian body.

Stomatal Closure

The process where plant stomata pores close to reduce water loss or protect against harmful environmental conditions.

Hormone

Chemical messengers produced by glands in the endocrine system, released into the bloodstream to regulate physiological and behavioral activities.