This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the United States imposes a tariff on imported steel, the tariff will A) raise the U.S. price ... (Read 143 times)

cdr_15

  • Hero Member
  • *****
  • Posts: 546
on: Jun 29, 2018
If the United States imposes a tariff on imported steel, the tariff will
 
  A) raise the U.S. price of imported steel.
  B) decrease the U.S. production of steel.
  C) increase the total U.S. consumption of steel.
  D) decrease employment in the U.S. steel industry.

Question 2

If Sam wants to increase her total revenue from her sales of flowers and she knows that the demand for flowers is price elastic, she should
 
  A) lower her price to increase the demand and shift the demand curve rightward.
  B) raise her price because she knows that the quantity demanded will also increase.
  C) raise her price because she knows that the percentage decrease in the quantity demanded will be smaller than the percentage increase in price.
  D) lower her price because she knows that the percentage increase in the quantity demanded will be greater than the percentage decrease in price.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

allisonblackmore

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


cdr_15

  • Member
  • Posts: 546
Reply 2 on: Jun 29, 2018
:D TYSM

ghepp

  • Member
  • Posts: 361
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

High rates of rural poverty have been a part of the United States from its origin to the present. ... High rates of rural poverty have been a part of the United States from its origin to the present. ...
Use caution if using a steel scraper to remove a gasket from aluminum parts. It is best to use a ... Use caution if using a steel scraper to remove a gasket from aluminum parts. It is best to use a ...
Leading Sites of Cancer Deaths in the United States, 2013 Leading Sites of Cancer Deaths in the United States, 2013
Importance of intermediate states Importance of intermediate states
Intergenerational Income Mobility in the United States Intergenerational Income Mobility in the United States
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Transcription - Introns and exons

For a complete list of videos, visit our video library