Maybe there was a country who helped them out
Answer:
<u>The correct answer is C: producer's surplus increases and total surplus decreases in the market for that good</u>. The tariff translates into higher prices on the imported good, which reduces the quantity demanded. Therefore, the total surplus in the market for that good decreases. <u>Domestic production, in turn, will also expand, meaning an increase in producer's surplus. </u>
Explanation:
A tariff hike increases the price of a particular product, and this reduces the quantity demanded while encouraging domestic producers to increase output. <u>In the short run, however, price levels will be higher overall, </u>as domestic producers won't be able to supply the market at the pre-tariff prices. <u>Higher prices reduce total demand, thus decreasing total surplus in the market, but will also benefit local producers, as demand will shift to domestic production due to higher import prices. </u>
Replace negative self talk with positive self talk
Here are the answers that would best complete the given statement above. <span>The first major antipsychotic drug to be introduced was CHLORPROMAZINE; it was used to treat SCHIZOPHRENIA. Hope this is the answer that you are looking for. Have a great day!</span>
<span>Mount Elbrus I believe. </span>
