Suppose That a Tariff Is Imposed on Imported Cheese

question 49

Multiple Choice

Suppose that a tariff is imposed on imported cheese.This will have the effect of __________ the quantity consumed of cheese,__________ consumers' surplus,and __________ the government's tariff revenues.

• A) increasing; increasing; increasing
• B) decreasing; decreasing; increasing
• C) increasing; decreasing; decreasing
• D) decreasing; increasing; increasing
• E) decreasing; increasing; decreasing

---

Definitions:

Relevant Time Period

The specific duration during which certain actions are undertaken or conditions apply, significant for analysis or decisions.

Price Elasticity

An indicator that measures the impact of price change on the demand for a good.

Cannondale Mountain Bike

Cannondale Mountain Bike is a specific type of bicycle designed for off-road cycling, produced by the Cannondale Bicycle Corporation, known for its innovation and quality.

Bicycle

A human-powered, pedal-driven vehicle with two wheels attached to a frame, one behind the other.