Author Question: A tariff will benefit A) domestic producers by maintaining a higher than free-trade price. B) ... (Read 145 times)

shenderson6 · **on:** Jun 29, 2018

A tariff will benefit

A) domestic producers by maintaining a higher than free-trade price.
B) foreign producers by allowing them to sell at a higher price in markets with tariffs.
C) consumers who are able to better afford domestically produced goods.
D) All of the above answers are correct.

Question 2

An increase in the number of producers of gruel ________ the supply of gruel and shifts the supply curve of gruel ________.

A) increases; rightward
B) increases; leftward
C) decreases; rightward
D) decreases; leftward