When a Tariff Is Imposed, the Supply Curve for the Imported

question 155

Multiple Choice

When a tariff is imposed, the supply curve for the imported good

• A) shifts downward and to the right.
• B) shifts upward and to the left.
• C) does not change.
• D) becomes perfectly inelastic.

---

Definitions:

Probability

A measure of the likelihood or chance that a particular event will occur, expressed as a number between 0 and 1.

Mammals

Warm-blooded vertebrates characterized by the presence of mammary glands, which in females produce milk for feeding their young.

Sold

The completed sale of goods or services from one party to another, transferring ownership.

Probability

A mathematical measure indicating the likelihood or chance of a specific event occurring, ranging from 0 (impossible) to 1 (certain).