GEB MCQ GEB An import tariff has been placed on foreign cars coming into the USA. This will _______ the demand for US cars and ______ the demand for foreign cars. With this change of demand, the price of US cars will _____.

An import tariff has been placed on foreign cars coming into the USA. This will _ the demand for US cars and the demand for foreign cars. With this change of demand, the price of US cars will _.

GEB

An import tariff has been placed on foreign cars coming into the USA. This will _ the demand for US cars and the demand for foreign cars. With this change of demand, the price of US cars will _.

A. Increase, decrease, increase
B. Decrease, increase, decrease
C. Increase, decrease, decrease
D. Decrease, increase, increase

Answer: A. Increase, decrease, increase

GEB MCQ

An import tariff has been placed on foreign cars coming into the USA. This will _______ the demand for US cars and ______ the demand for foreign cars. With this change of demand, the price of US cars will _____.

An import tariff has been placed on foreign cars coming into the USA. This will _______ the demand for US cars and ______ the demand for foreign cars. With this change of demand, the price of US cars will _____.

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An import tariff has been placed on foreign cars coming into the USA. This will _ the demand for US cars and the demand for foreign cars. With this change of demand, the price of US cars will _.

An import tariff has been placed on foreign cars coming into the USA. This will _ the demand for US cars and the demand for foreign cars. With this change of demand, the price of US cars will _.