Which of the following would be expected if the tariff on foreign-produced shoes were decreased? a. The supply of foreign shoes to the domestic market would decline, causing shoe prices to rise. b. The demand for foreign-produced shoes would decrease, causing the price of shoes to increase in other nations. c. The domestic price of shoes would fall. d. The number of unemployed workers in the domestic shoe industry would decline.

Question

Business

Guest

22 July, 09:40

Which of the following would be expected if the tariff on foreign-produced shoes were decreased? a. The supply of foreign shoes to the domestic market would decline, causing shoe prices to rise. b. The demand for foreign-produced shoes would decrease, causing the price of shoes to increase in other nations. c. The domestic price of shoes would fall. d. The number of unemployed workers in the domestic shoe industry would decline.

+5

Answers (1)

Know the Answer?

Vaughn Simpson · Answer 1

I dont know that answer but i did a simliar question if it would increase so im guessing C.

Explanation:

Which of the following would be expected if the tariff on foreign-produced automobiles were increased?

A. The domestic price of automobiles would fall.

B. The supply of foreign automobiles to the domestic market would be reduced, causing auto prices to rise.

C. The number of unemployed workers in the domestic automobile industry would rise.

D. The demand for foreign-produced automobiles would increase, causing the price of automobiles to increase in other nations.