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The Above Figure Shows the U

Question 56

Multiple Choice

 The above figure shows the U.S. market for replacement cell phone batteries. -Suppose the U.S. government imposes the tariff illustrated in the figure. The tariff is equal to__________ and the price U.S. consumers pay _______compared to the price paid when there was free trade. A) $2; increases B) $12; increases C) $14; increases D) $2; decreases E) $14; decreasesThe above figure shows the U.S. market for replacement cell phone batteries.
-Suppose the U.S. government imposes the tariff illustrated in the figure. The tariff is equal to__________ and the price U.S. consumers pay _______compared to the price paid when there was free trade.


A) $2; increases
B) $12; increases
C) $14; increases
D) $2; decreases
E) $14; decreases

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