When will the imposition of a tariff by a country on the goods and services of its major trading partners reduce the country’s expenditure on imports?
Select ONE answer:
- when the income elasticity of demand for imports is greater than 1
- when the price elasticity of demand for imports is greater than 1
- when the price elasticity of demand for imports is less than 1
- when the price elasticity of supply of imports is greater than 1
Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple choice question is suitable for Economics KS4 and KS5 classes.
The answer is 2
- Not correct
- Correct
- Not correct
- Not correct
This work is licensed under a Creative Commons Attribution 4.0 International License.
The Multiple Choice Questions Blog 