[Answered] Levying a tariff on an imported good A) shifts the demand curve down for the good. B) shifts the ...

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Author Question: Levying a tariff on an imported good A) shifts the demand curve down for the good. B) shifts the ... (Read 41 times)

javeds

Hero Member
Posts: 570

on: Jul 1, 2018

Levying a tariff on an imported good

A) shifts the demand curve down for the good.
B) shifts the supply curve up for the good.
C) Both A and B.
D) Not enough information to determine.

Question 2

A commodity or service whose consumption by one person does not preclude others from also consuming it is called a

A) private good.
B) public good.
C) Giffen Good.
D) Coase Good.

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ebenov

Sr. Member
Posts: 331

Reply #1 on: Jul 1, 2018

Answer to Question 1

B

Answer to Question 2

B

javeds

Hero Member
Posts: 570

Reply #2 on: Jul 1, 2018

Correct answers!

ebenov

Sr. Member
Posts: 331

Reply #3 on: Jul 1, 2018

Great! Please up vote

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