Which of the Following Chain of Events Occurs When a Tariff

question 23

Multiple Choice

Which of the following chain of events occurs when a tariff is imposed on a good?

• A)Domestic prices fall, shifting the demand curve rightward, and consumers buy more of the good.
• B)Domestic prices rise, shifting the demand curve leftward and the domestic supply curve rightward.
• C)Domestic prices fall, decreasing the domestic quantity supplied and increasing the quantity demanded.
• D)Domestic prices rise, shifting the domestic supply curve rightward.
• E)Domestic prices rise, decreasing the quantity demanded and increasing the domestic quantity supplied.

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Definitions:

Word

A grouping or a number of bits in a sequence treated as a unit.

Data Manipulation

The process of exchanging, altering, or moving data within a programmable logic controller or between programmable logic controllers.

Operation

The action or process of functioning or working.

Words

In computing, fixed-sized units of data, as defined by the processor architecture, that are handled as a single unit.