The Figure Given Below Depicts the Negatively Sloped Demand and Positively

question 39

Multiple Choice

The figure given below depicts the negatively sloped demand and positively sloped supply curves of wheat in a country.
Figure 20.2

-In Figure 20.2, if the world price of wheat is $25 and a $10 tariff is imposed:

• A) imports will decrease from 300 to 200 bushels of wheat.
• B) imports will increase from 200 to 400 bushels of wheat.
• C) imports will remain unchanged.
• D) domestic production will decrease from 200 to 150 bushels of wheat.
• E) domestic production will remain unchanged.

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Definitions:

Habituate

The process of becoming accustomed to a stimulus or environment, typically resulting in a decrease in response.

Choices

The act of selecting or making a decision when faced with two or more possibilities.

Sexual Orientation

An inherent or immutable enduring emotional, romantic, or sexual attraction to other people.

Attracted

To feel drawn towards a person, object, or activity due to its appealing qualities or characteristics.