The Figure Given Below Depicts the Negatively Sloped Demand and Positively

question 49

Multiple Choice

The figure given below depicts the negatively sloped demand and positively sloped supply curves of wheat in a country. Figure 21.2 In Figure 21.2, if the world price of wheat is $25 and a $10 tariff is imposed:

• A)imports will decrease from 300 to 200 bushels of wheat.
• B)imports will increase from 200 to 400 bushels of wheat.
• C)imports will remain unchanged.
• D)domestic production will decrease from 200 to 150 bushels of wheat.
• E)domestic production will remain unchanged.

---

Definitions:

Social Prescriptions

Expectations and norms dictated by society regarding how individuals should behave.

Social Contagion

The spread of ideas, attitudes, or behaviors through a group or society, mirroring the infectious process of a disease.

Norm

A standard or rule that is expected to be followed by members of a society, guiding behaviors and establishing expectations.

Role

The function or part played by a person or thing in a particular situation or context.