Shortage of the good
Describe when there will be a shortage of the good?
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When the real price is lower than the equilibrium price, then there will be a shortage of the good.
Tariffs: -are also called import quotas. -may be imposed either to raise revenue (revenue tariffs) or to shield domestic producers from foreign competition (protective tariffs). -are per unit subsidies designed to promote exports. -are excise taxes on goods exported abroad.
is studying economic worth your time and effort
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The balance of trade demonstrates a deficit of Rs 300 crore. The values of exports are Rs 500 crore. Determine the value of imports? Answer: Discover Q & A Leading Solution Library Avail More Than 1440732 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1923888 Asked 3,689 Active Tutors 1440732 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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