Restrictions on the Importation of Tomatoes Reduce the Supply Available

question 102

Multiple Choice

Restrictions on the importation of tomatoes reduce the supply available to the U.S. domestic market. Studies indicate that the demand for tomatoes is elastic. Compared to a free-trade situation, the import restrictions cause

• A)​higher tomato prices and an increase in consumer expenditures on tomatoes in the United States.
• B)​lower tomato prices and an increase in consumer expenditure on tomatoes in the United States.
• C)​lower tomato prices and a reduction in consumer expenditure on tomatoes in the United States.
• D)​higher tomato prices and a reduction in consumer expenditure on tomatoes in the United States.

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Definitions:

Observations

The process of closely monitoring, recording, or noting phenomena as they occur in natural settings, often used as a method in scientific studies.

Census Of Population

A systematic enumeration of a population, typically recording details of individuals such as age, gender, occupation, and ethnic background.

Self-Administered Questionnaire

A method of data collection where respondents read and answer questions without an interviewer's help.

In-Person Survey

A data collection method where researchers directly interact with participants to gather information through questions in a face-to-face setting.