93. Suppose the United States reduced thetariff on television sets, allowing for

Question

93.   Suppose the United States reduced thetariff on television sets, allowing foreign-produced televisions tomore freely enter the U.S. market. Which of the following wouldmost likely occur? A.   The price of televisions to U.S.consumers would increase, and the demand for U.S. export productswould rise. B.   The price of televisions to U.S.consumers would fall, and the demand for U.S. export products wouldfall. C.   The price of televisions to U.S.consumers would increase, and the demand for U.S. export productswould fall. D.   The price of televisions to U.S.consumers would fall, and the demand for U.S. export products wouldrise. 93.   Suppose the United States reduced thetariff on television sets, allowing foreign-produced televisions tomore freely enter the U.S. market. Which of the following wouldmost likely occur?

Explanation / Answer

D. The price of televisions to U.S consumers would fall, and thedemand for U.S export products would rise.

Related Questions

Navigate

• Browse (All)
• Browse 9
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.