Which of the Following Chain of Events Occurs When a Tariff

question 243

Multiple Choice

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

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

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Definitions:

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The reliance on one's own powers and resources rather than those of others.

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A behavior characterized by hostility or attack, which can be physical or verbal, driven by intentions to dominate or harm others.