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

Question

Quizplus · Accepted Answer

If the United States lifted the embargo on Cuban products, the supply curve for Cuban cigars would shift to the right as more Cuban cigars would enter the U.S. market. This would increase the quantity supplied of Cuban cigars in the U.S. market, which would then lower the price of Cuban cigars. Therefore, the demand for Cuban cigars would also increase due to their lower price, resulting in a further shift of the demand curve to the right.

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