If the United States Imposes a Tariff on Foreign Chocolate,how

question 119

Multiple Choice

If the United States imposes a tariff on foreign chocolate,how are U.S.buyers of chocolate affected?

• A) The price they pay for chocolate rises.
• B) Their demand for chocolate increases because the U.S. production chocolate increases.
• C) The quantity they consume is unchanged.
• D) The price they pay for chocolate falls but they consume less chocolate because less is imported.
• E) The price they pay for chocolate falls and they consume more chocolate.

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Definitions:

Distribution

The process of making a product or service available for use or consumption by a consumer or business user.

Supplier Stage

A phase in the supply chain that involves the provision of materials or services by suppliers to manufacturers or businesses.

Customer Stage

A phase within the customer journey or buying process, ranging from initial awareness to post-purchase evaluation and loyalty.

Inventory Costs

Expenses associated with holding and managing stock, including costs of storage, insurance, and depreciation.