Indicate whether each of the actions listed below will immediately increase (I), decrease (D), or have no effect (N) on the ratios shown. Assume each ratio is greater than 1.0 before the action is taken.
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Definitions:
Domestic Supply
The total amount of a good or service available from producers within a country for domestic consumption or use.
Demand Schedules
Tables that show the level of demand for a specific good or service at different price points, typically holding all other factors constant.
World Price
The price at which goods are traded internationally, reflective of supply and demand dynamics on a global scale.
Per-Unit Tariff
A fixed amount of money charged by a government on each unit of a good or service imported or exported.
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