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What is of an effect on an import tariff charged on a particular good?
The price paid by consumers is increased.
What is the effect of an import tariff charged on particular goods?
The price paid by consumers is increased.
What is the effect of an import tariffs charged on a particular good?
The price paid by consumers is increased.
What happened with the consumer surplus when the price rose?
Consumer surplus = Total amt consumers are willing to pay - Total amt consumers actually paid. Hence, if there is an increase in price of a good, consumer surplus decreases.
What is the total goods and services in the economy available at all possible price levels?
Consumer Price Indexes is monthly data on changes in the prices paid by consumers for a goods and services.
When was European Beer Consumers' Union created?
European Beer Consumers' Union was created in 1990.
What refers to a measure of the average change over time in the prices paid by urban consumers for a market basket of goods and services?
Consumer Price Index (A+)
What is the price at which consumers will purchase the same quantity of a product that suppliers will produce?
The equilibrium price is the price at which consumers will purchase the same quantity of a product that suppliers will produce.
Suppose a retaling company promotes its store by advertising an opportunity to win a 'free car' is this car free because the winners pays zero for it?
the consumers in order to increase their chance of wining the free car have paid for the the chocolate bar. Hence collectively the consumers have collectively paid for car. The price of the car is the cost of all the chocolates.
What is the full form of CPI?
The full form of CPI is Consumer Price Index. It is a measure that examines the average change in prices paid by consumers for goods and services over time, used to gauge inflation.
Ask us of the following best describes the effect of a tariff on the import of cars from a foreign country?
The price paid by consumers is increased.
How does the imposition of tax affect the prices paid by the buyer and the prices paid by the seller?
Taxes increase the price of goods or services. This means consumers can afford less of them. Prices are not paid by the seller. But it does mean the seller sells fewer items and therefore receives less income. He in turn orders less from the manufacturer. He may try to negotiate with the manufacturer a reduction in the wholesale price he pays so he can reduce his retail price and absorb the tax.
