Firms in a given industry are affected by the tariff imposed on the product they sell, but not by the tariffs imposed on their purchased inputs.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Use the above figure. A rightward shift of the demand curve, ceteris paribus, would result in
A) dollar depreciation. B) dollar appreciation. C) euro depreciation. D) reducing the equilibrium quantity of euros.
Bob just got laid off and now has no income. We can assume that his demand for all:
A. all normal goods will increase. B. all inferior goods will increase. C. all inferior goods will decrease. D. all normal goods will stay the same.
Because taxes distort incentives, they typically result in
a. deadweight losses. b. reductions in consumer surplus. c. reductions in producer surplus. d. All of the above are correct.
Assuming competitive markets with typical supply and demand curves, which of the following statements is correct?
A. An increase in supply with no change in demand will result in an increase in price. B. An increase in supply with no change in demand will result in a decline in sales. C. An increase in demand with no change in supply will result in an increase in sales. D. An increase in supply with a decrease in demand will result in an increase in price.