178) Suppose the CAP has imposed a tariff on the import of a certain foodstuff from outside the EU, and suppose that EU consumers always pay a price equal to the rest of the world price plus the tariff. Which of the following events would not lead to a higher p
Answer is:
A rise in the supply of the foodstuff by EU producers
Related Micro Economics MCQ (GK Set-1) with Answers
Answer is:
The incomes of EU farmers would increase
Answer is:
There would be no price because the market would disappear underground
Answer is:
A + B + E
Answer is: