Question 1 (1 point) Suppose that the world price of TVs is $400, and the government imposes a $100 tariff. After the ta
-
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am
Question 1 (1 point) Suppose that the world price of TVs is $400, and the government imposes a $100 tariff. After the ta
Question 1 (1 point) Suppose that the world price of TVs is $400, and the government imposes a $100 tariff. After the tariff, consumer surplus will producer surplus will and total surplus will Price 1,000 500 50 -Domestic supply Domestic demand 100 Quantity of TVs (in thousands) O decrease; increase; decrease O increase; decrease; not change O decrease; decrease; decrease O decrease; increase; not change O increase; decrease; increase