Which of the following is the best example of a tariff? a tax placed on all small cars sold in the domestic market a limit imposed on the number of small cars that can be imported from a foreign country a subsidy from the American government to domestic manufacturers of small cars so they can compete more effectively with foreign producers of small cars a $1000-per-car fee imposed on all small cars importe

b, fewer problems later! good luck

answer; marketing resource management;

answerblank(1); fixed interval; blank(2) fixed ratio;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.