Home » Economics » Import duties will increase total expenditure on imports if the demand for imports is?Import duties will increase total expenditure on imports if the demand for imports is? Import duties will increase total expenditure on imports if the demand for imports is? A. elastic B. inelastic C. infinitely elastic D. derived Correct Answer: Option B Explanation Related Posts The cost which firm will incur whether it is in production or not, is referred… If the demand for a good is more elastic than its supply, the tax burden… The exports-promotion strategy is aimed at producing When a generalization is made based on observed facts, it is known as? The primary objective of all international economic organizations is to? which of the following will not increase the population of a country?
