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Author Question: If the United States imposes a tariff on 1 per imported shirt, the tariff will A) raise the price ... (Read 124 times)

dejastew

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on: Jun 29, 2018
If the United States imposes a tariff on 1 per imported shirt, the tariff will
 
  A) raise the price of a shirt to U.S. consumers.
  B) benefit U.S. shirt producers.
  C) decrease imports of shirts into the United States.
  D) all of the above

Question 2

In the figure above, the demand curve shifts rightward from D0 to D1 so that D1 is the relevant demand curve. Suppose the government imposes a rent ceiling of 300 per month. In the short run there will be
 
  A) a shortage of 500,000 apartments.
  B) a shortage of 400,000 apartments.
  C) a shortage of 200,000 apartments.
  D) no shortage nor a surplus of apartments.


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diesoon

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


dejastew

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

parshano

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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