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    Why might the unsafe consumer products argument be a more effective strategy (from the perspective of the importing country) than using tariffs or quotas to restrict imports?

    The course author didn't provide an answer for this question

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Questions & Answers

what is a better way of explaining the opportunity cost?
Lekhutla Reply
explain if it is elastic or inelastic.. salt rice yacht liquor facemask computer mice
jamaica Reply
Elastic,because the measures of responsiveness towards the price elasticity of demand can change quickly,towards the price of this good.
how marginal utility curve become the demand curve of good anybody can explain me plzzz
Wani Reply
What is Demand function/supply function? What are its types?
Prathana Reply
good afternoon everyone 😊
Prathana
What are the factors affecting supply of a commodity?
kosnatu Reply
price of the commodity: price is the most important factor in flueneing the supply of a commodity Expectations about the Future Price: ... Nature of Goods: ... Natural Conditions: ... Transport Conditions: ... Cost of Production: ... The State of Technology: ... Government's Policy:
Prathana
•How perfect competition affects price and output?
Marisol Reply
Under perfect competition, the buyers and sellers cannot influence the market price by increasing or decreasing their purchases or output, respectively. ... This implies that in perfect competition, the market price of products is determined by taking into account two market forces, namely market
Prathana
demand and market supply
Prathana
what is price theory
SMF Reply
The theory of price is an economic theory that states that the price for any specific good or service is based on the relationship between its supply and demand.
Prathana
how the reduction in supply from the reduced fishing Waters either decrease or increase consumer surplus and producer aurplus
jamaica Reply
the reduction of supply causes rise in the price and that reduces the consumer surplus..I don't know the producer aurplus
Mahmoud
what are the 10 principles microeconomic
Glen
What are the functions of price?
Prathana
10 principal of microeconomics are that 10 principals of microeconomics 🤔🤔🤔🤔
Saeed
every demand curve must eventually hit the quantity axis because there is always a price so high that there is no demand for the good? do you agree or disagree
jamaica Reply
can you help?
Saeed
no, I'm not agree?
Saeed
do you agree in the law of demand say that the lower prices should lead to higher demand?
jamaica Reply
I don't agree ..the lower price lead to higher quantity demanded not the demand
Mahmoud
yes thats correct but onthe same time not necessarily keep the consistency and timing is very important
Ali
I agree
Prathana
thank you for ...but can you still elaborate more.
jamaica
thank you.. but can you still elaborate more information 😊
jamaica
Is funny that you said you don't agree with the law of demand, you just don't understand the law It states that the higher the price the lower the demand vice versa, and if you check the definition of demand is that the desire, willingness and the ability to buy a good, And there are reasons we use
Bakary
There are reasons we use to support this law every human being respond to incentive etc And there are empirical evidence that prove beyong reasonable doubt that this law holds So read more economist textbooks to widen you understanding
Bakary
There are also exceptions to the law of demand e.g goods of ostentation and the like
Bakary
How would you derive short run supply curve Explain?
Prathana Reply
please tell
Prathana
hello everyone how are you?
Prathana Reply
hello
sumit
u r pursuing 🎓 in economic
sumit
yes
Prathana
How to measure small change in demand
Gopal Reply
what is the graph when the price increases and the demand will decrease
jamaica Reply
draw it.
hnbit
what I do the draw?
Prathana
converge n diverge X
OK
ok
Prathana
what is supply?
Prathana Reply
The supply imples the quantity of commodities offer for sale at a particular price during a given period of time . thus, supply is express in term of price and time.
Shashanka
thank you❤
Prathana

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Source:  OpenStax, Microeconomics. OpenStax CNX. Aug 03, 2014 Download for free at http://legacy.cnx.org/content/col11627/1.10
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