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if the United States imposes a tariff on automobiles,then a. total surplus in th

ID: 1250695 • Letter: I

Question

if the United States imposes a tariff on automobiles,then a. total surplus in the american automobile marketdecreases b.producer surplus in the american automobile marketincreases. c. U.S. imports of foreign automobiles decrease. d.all of the above are correct. if the United States imposes a tariff on automobiles,then a. total surplus in the american automobile marketdecreases b.producer surplus in the american automobile marketincreases. c. U.S. imports of foreign automobiles decrease. d.all of the above are correct.

Explanation / Answer

A cannot be c or d. Tariff is a tax on imports and exports.

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