Suppose the United States reduced the tariff on television sets,allowing foreign-produced televisions to more freely enter the U.S.market.Which of the following would most likely occur?
A) The price of televisions to U.S.consumers would increase,and the demand for U.S.export products would rise.
B) The price of televisions to U.S.consumers would fall,and the demand for U.S.export products would fall.
C) The price of televisions to U.S.consumers would increase,and the demand for U.S.export products would fall.
D) The price of televisions to U.S.consumers would fall,and the demand for U.S.export products would rise.
Correct Answer:
Verified
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