Spain is an importer of computer chips, taking the world price of $11 per chip as given. Suppose Spain imposes a $3 tariff on chips. Which of the following outcomes is possible? a. Total surplus in the Spanish chip market increases. b. More foreign-produced chips are sold in Spain. c. Spanish consumers and producers of chips gain. d. The price of chips in Spain increases to $14; the quantity of Spanish-produced chips increases; and the quantity of chips imported by Spain decreases.

Question

03-03-2022
Business

Answered

Welcome to Westonci.ca, your one-stop destination for finding answers to all your questions. Join our expert community now! Get immediate and reliable solutions to your questions from a knowledgeable community of professionals on our platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

Spain is an importer of computer chips, taking the world price of $11 per chip as given. Suppose Spain imposes a $3 tariff on chips. Which of the following outcomes is possible? a. Total surplus in the Spanish chip market increases. b. More foreign-produced chips are sold in Spain. c. Spanish consumers and producers of chips gain. d. The price of chips in Spain increases to $14; the quantity of Spanish-produced chips increases; and the quantity of chips imported by Spain decreases.

Sagot :

Thanks for using our service. We aim to provide the most accurate answers for all your queries. Visit us again for more insights. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.

Remplacez les mots soulignés par les pronoms personnels (D) (les, leur ,y ) (a) Il a raconté les histoires à ses parents.

An element X on reacting with oxygen forms an oxide X2O. this oxide dissolves in water and turns blue litmus red. a) Identify the element X and mention the natu

Combine Lead (II) nitrate with Potassium Iodide solution

which paragraph in the section "the spread of the industrial revolution" suggests that early industrialization was not succesful in every circumstance

Hybridization of carbons in CH3-CH= C = CH2 isa) sp3sp3, sp2 sp2b) sp3. sp2, sp, sp3c) sp3, sp3, sp2, sp3d) sp3, sp2, sp, sp1

Esta frase está en el pretérito. Escoge la forma correcta de los verbos en el presente. Le pregunté a mi hermano si fue a la discoteca anoche. a. pregunto, va b

What is the solution set of {x | x 5}? 1. the empty set 2. all real numbers 3. the numbers between -5 and 5 4. all numbers less than -5 and greater than 5

The HCF of 104 and X is 52. The HCF of X and 234 is 78. Given that X is anumber between 104 and 234, find X.

Strontium-90, a radioactive isotope with applications in medicine, has a half-life of approximately 30 years. Out of a 100-gram sample, approximately how much r

Subtract: a) 89.9 from 44.689 b) 789.03 from 999.8 c) ₹ 789.56 from ₹ 1052. 5 d) 15.56 kg from 28 kg

ewomazinoade ewomazinoade · Answer 1 · 2022-03-14T04:52:12-04:00

A possible result of imposing a tariff on the import of chips is the price of chips in Spain increases to $14; the quantity of Spanish-produced chips increases; and the quantity of chips imported by Spain decreases.

What is the impact of the tariff on chips?

When a tariff is placed on the import of certain goods and services, it has the following impacts:

It increases the price of the item. The rate of increase in the price of the item depends on the elasticity of demand for the good.

It reduces the quantity imported due to the increased price of importation as a result of the tariff.

It encourages local production of the item.

To learn more about imports, please check: https://brainly.com/question/26497713

Sagot :

What is the impact of the tariff on chips?

Other Questions