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Business, 21.01.2021 08:10 cpcoolestkid4
Which of the following explains why tariffs and quotas raise the cost of protected products, such as sugar, to consumers?
-High demand forces domestic businesses to lower prices to match foreign competitors' prices
-High demand causes the government to raise revenues to protect domestic farmers
-High demand encourages world prices to increase at regular intervals
-High demand encourages domestic quantities to increase, raising domestic prices higher than world prices
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Answers: 2
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Which of the following explains why tariffs and quotas raise the cost of protected products, such as...
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