If the United States lifts the embargo on Cuban products,what will happen in the U.S.market for Cuban cigars?
A)The supply curve will shift to the left.
B)The supply curve will shift to the right.
C)The demand curve will shift to the right.
D)The demand curve will shift to the left.

Question

Quizplus · Accepted Answer

If the United States lifts the embargo on Cuban products, there will be an increase in the supply of Cuban cigars in the U.S. market. This will cause a shift in the supply curve to the right. As a result, the equilibrium price of Cuban cigars will decrease, and the equilibrium quantity will increase. Therefore, the correct choice is (B).

If the United States Lifts the Embargo on Cuban Products,what