Japan imposes a tariff on imported rice. In Japan, surplus will ...

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Japan imposes a tariff on imported rice. In Japan, surplus will be redistributed from
 
  A) consumers to producers and government.
  B) consumers to producers.
  C) consumers to government.
  D) government to producers.

Question 2

Suppose Carol's Candid Cameras wants to increase its total revenue. If the firm lowers the price of cameras by 2 percent, Carol must be predicting that the quantity
 
  A) supplied will increase by more than 2 percent.
  B) demanded will increase by more than 2 percent.
  C) demanded will decrease by less than 2 percent.
  D) supply will decrease by less than 2 percent.

[xiaomengxian]

Answer to Question 1

A

Answer to Question 2

B

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Thank you

[xiaomengxian]

No problemo