Mathematics, 02.02.2021 21:20 bvargas786p7aa8y

Which of the following explains why tariffs and quotas raise the cost of protected products, such as sugar, to consumers?

High demand causes the government to raise revenues to protect domestic farmers

High demand forces domestic businesses to lower prices to match foreign competitors’ prices

High demand encourages world prices to increase at regular intervals

High demand encourages domestic quantities to increase, raising domestic prices higher than world prices

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Which of the following explains why tariffs and quotas raise the cost of protected products, such as...

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