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:

Hypertension

A chronic medical condition where the blood pressure in the arteries is persistently elevated, also known as high blood pressure.

Heart Attack

A medical emergency involving the blockage of blood flow to the heart muscle, often caused by a blood clot, leading to tissue damage or death.

Stroke

A medical condition that occurs when the blood supply to part of the brain is interrupted or reduced, causing brain cells to die, which can lead to lasting brain damage, long-term disability, or death.

Inherent Risk Factors

Risk factors that are intrinsically linked to an individual or situation, not influenced by external changes.