After a Tariff Is Imposed,consumers Must Pay a Price Equal

question 163

Multiple Choice

After a tariff is imposed,consumers must pay a price equal to the

• A) world market price.
• B) domestic equilibrium price when there is no trade.
• C) world market price plus the tariff.
• D) world market price less the tariff.
• E) domestic equilibrium price when there is no trade plus the tariff.

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Definitions:

Professional Reputation

The public perception of an individual's or organization's professional integrity and performance.

Water Conservation

The practice of using water efficiently to reduce unnecessary water usage and protect water resources for future generations.

Public Service Ad

An advertisement intended to promote public welfare by raising awareness of an issue, encouraging a change in behavior, or advocating for a cause.

Environmental Consciousness

Awareness and concern about the environment and the impact of one's actions on it.