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notka56 [123]
4 years ago
8

Tariffs result in a decrease in consumer surplus because: Select one: a. the price and the quantity consumed of the protected go

od increases. b. the price and the quantity consumed of the protected good decreases. c. the price of the protected good increases and quantity consumed decreases. d. the price of the protected good decreases and quantity consumed increases
Business
1 answer:
Anarel [89]4 years ago
8 0

Answer: Tariffs result in a decrease in the consumer surplus because

the price of the protected good increases and quantity consumed decreases

Explanation:

A tariff is a form of protection used by a country to protect its local industry, prevent dumping, prevent the consumption of certain products and also encourage local production.

Tariffs are imposed on imported goods. When a tariff is imposed on a good, it leads to an increase in the price of the good as producers will want to pass the tax burden to the consumers. Also, due to price increase, there'll be a reduction in the quantity consumed by consumers.

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5130. Restrictions on the Purchase and Sale of Initial Equity Public Offerings

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Answer:

Explanation:

The preparation of the retained earnings statement for the year ended December 31, 2020 is presented below:

                                          Marigold Corporation

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<h3>What is manufacturing?</h3>

Manufacturing is the process of creating or producing items with the aid of resources such as machinery, manpower, tools, chemicals, or biological formulations. It is the core of the economy's secondary sector. The phrase can be used to describe a variety of human endeavors, from handicraft to high-tech, but it is most frequently used to describe industrial design, which entails the massive transformation of raw materials from the primary sector into completed commodities. Such products may be distributed through the tertiary industry to end users and consumers (typically through wholesalers, who in turn sell to retailers, who in turn sell to individual consumers) or sold to other manufacturers for the production of other, more complex products (such as aircraft, home appliances, furniture, sports equipment, or automobiles).

To learn more about manufacturing from the given link:

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