--%>

Import car market in equilibrium before restricts it

While the import car market is in equilibrium before the government restricts car imports to Q1, the price which buyers will pay for an import as: (1) falls from P0 to P1. (2) is stable, although dealer profits fall by Q0 to Q1. (3) rises from P0 to P2. (4) shows a subsidy wedge of P2 to P1.

1750_Trade Barriers.png

Hello guys I want your advice. Please recommend some views for above economics problems.

   Related Questions in Microeconomics

  • Q : Acquire substantial human capital by

    Since philosophers are hardworking and intelligent individuals who should acquire substantial human capital and advanced degrees to work like philosophers, in that case the shaded area B represents: (1) pure profit. (2) consumer surplus. (3) interest

  • Q : What is revenue deficit in government

    Revenue deficit in government budget: Whenever the revenue expenses of the government is more than the revenue receipts it is termed as revenue deficit Revenue expenditure > Revenue receipts

  • Q : LEAST affected labor in short run The

    The short-run demand for labor would be LEAST affected by the: (w) productivity of the resource. (x) prices of substitute resources. (y) demand for goods produced by the resource. (z) fixed costs of a firm. Hey fri

  • Q : Estimation of total cost in specific

    Total cost can be estimated as area: (i) 0bcq1. (ii) 0adq2. (iii) 0Peq2. (iv) aPed. (v) Cannot be measured in illustrated figure. 22</span></p>
                                        </div>
                                        <!-- /comment-box -->
                                    </li>
   
   </td>
	</tr><tr>
		<td>
       
      <li>
                                        <div class=

    Q : Problem on competitive equilibrium of

    The economy consists of two consumers, A and B. Both consumers are endowed with one unit of good 1 and one unit of good 2. Consumer A is entirely indifferent between all consumption plans. Consumer B has the utility function u(xB1 ; xB

  • Q : Tax problem Give the answer of

    Give the answer of following question. A progressive tax is such that: A) tax rates are higher the greater one's income. B) the same tax rate applies to all income receivers, so that the rich pay absolutely more taxes than the poor. C) entrepreneurial income is exempt

  • Q : Income distribution line in Lorenz curve

    When line 0C0' shows the 1975 U.S. income distribution, in that case the 2005 income distribution would most likely be most probable: (1) line 0A0'. (2) line 0B0'. (3) line 0C0'. (4) line 0D0'. (5) line 0E0'.

  • Q : Demand Curve when price is cut I have a

    I have a problem in economics on Demand Curve when price is cut. Please help me in the following question. When the price of Snapple is cut, then: (1) The lower quantity of Snapple is demanded. (2) A bigger quantity of Snapple is demanded. (3) Demand for the Snapple r

  • Q : Setting a price in profit-maximizing

    This profit-maximizing firm as in demonstrated figure will set a price where: (1) P > MC = MR. (2) MR > MC = P. (3) MR = P > MC. (4) MR = P > MC. (5) P < MC < MR.

    Q : Problem on equilibrium price Refer to

    Refer to the following data. Equilibrium price will be:  A) $4. B) $3. C) $2. D) $1. Give the answer of above questaion