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Loraine Loraine
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9 years ago
If the United States imposes a tariff on foreign chocolate, how are U.S. buyers of chocolate affected?
A) The price they pay for chocolate rises.
B) Their demand for chocolate increases because the U.S. production chocolate increases.
C) The quantity they consume is unchanged.
D) The price they pay for chocolate falls but they consume less chocolate because less is imported.
E) The price they pay for chocolate falls and they consume more chocolate.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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VincenzoDVincenzoD
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