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Which of the following statements is correct in regards to tariff barrier?
1. It affects the price of imported goods.
2. It affects the quantity of imported goods.
Select the correct answer:

Which of the following statements is correct in regards to tariff barrier?
1. It affects the price of imported goods.
2. It affects the quantity of imported goods.
Select the correct answer: Correct Answer Only 1

Related Questions

Given below are three quantities named A, B and C. Based on the given information, determine the relation among the three quantities. Quantity 1: The marked price of a timex sports watch was Rs.720. A man bought the same for Rs. 550.80 after getting two successive discounts, the first being 10%. What was the second discount rate? Quantity 2: The shopkeeper sold his good at half the list price and thus lost 20%. If he had sold on the listed price, find the gain percent. Quantity 3: The timber trader marked his good at 20% above the cost price. He sold half the stock at the marked price, one quarter at a discount of 20% on the marked price and the rest at the discount of 30% on the marked price. Find the total gain.
Given below are two quantities named A and B. Based on the given information, you have to determine the relation between the two quantities. You should use the given data and knowledge of Mathematics to choose between the possible answers. There are two jars which contain different liquids in different quantities Quantity I∶ Quantity of water in Jar 1, if Jar 1 contains mixture of 230 litres which contain juice, water, coke and pepsi. Ratio of quantity of water to juice is 2 : 1 and juice to coke is also 2 ∶ 1 while the ratio of quantity of coke to pepsi is 3 ∶ 2 Quantity II∶ Quantity of water in Jar 2, if Jar 2 contains 10 litres of mixture more than jar 1 and contains juice, coke and water. Water, juice and coke is poured into the jar 8 times in the ratio 3 ∶ 2 ∶ 1. Every time the quantity of a liquid is same.
Given below are quantities named A,B and C. Based on the given information, you have to determine the relation between the quantities. You should use the given data and your knowledge of mathematics to choose among the possible answer. Shrikant sells an item to Dharmesh at 30% profit. Dharmesh sells it to Rahul at 40% profit and Rahul sells it to Prashant at Rs. 350 profit. The difference between the cost price of Prashant and the cost price of Shrikant is Rs. 1252. How much did Dharmesh pay to Shrikant for the item? Quantity A: Cost price of Prashant Quantity B: Cost price of Dharmesh Quantity C: Cost price of Rahul
Instructions: Below question contains a statement followed by quantity 1 and quantity 2. You have to study the information along with the question and compare the value derived from quantity 1 and quantity 2, then answer. Quantity 1: Radius of a circle is twice the side of square, whose diagonal is 21√2 meter, find (1/22) of area of circle and (1/7) of area of square is what percent more than the area of triangle which base and height is 30 meter and 20 meter respectively? Quantity 2: A tank of cube shape with open top side, than find open side area of tank is what percent of total area of remaining sides of tank?
In the following question, two statements are numbered as A and B. On solving these statements we get quantities A and B respectively. Solve for the both quantities and chose the correct option. Quantity A: Suresh bought 20 books at the mark price of 18 books. If he sells these books by giving a discount of 2% on the marked price thenfind his profit percent. Quantity B: A wholesaler gives 8% discount on the marked price and gives 1 pencil box free for buying every 25 pencil boxes and thus gain 15% of profit thenfind out how much percent the selling price is increased above the cost price.
In the following question, two statements are numbered as A and B. On solving these statements we get quantities A and B respectively. Solve for the both quantities and choose the correct option. Quantity A: A shopkeeper marks the price of his product 20% above its cost price and sells it at a discount of 10%. If he earns a profit of Rs. 120, what is the cost price of the product? Quantity B: A product is successively sold twice earning a profit of 10% and 20% respectively. If the original cost price of the product is Rs. 1050, what is the final selling price of the product?
Choose the correct option from following Quantity I: On a mask SP is 425% more than the cost price. If cost price is increased by 5% then calculate new profit margin in percentage if selling price of mask remain the same. Quantity II: A company is offering 80% discount on the marked price because of which selling price is equal to cost price. Calculate percentage mark up.
If the selling price of a refrigerator is 26% more than its cost price and the discount offered on its marked price is 4%, then which of the following is correct? I. The ratio of its selling price to the cost price is 63 ∶ 50 II. The ratio of its cost price to the marked price is 7 ∶ 4 III. The ratio of its marked price to the cost price is 21 ∶ 16
If the selling price of a wardrobe is 54% more than its cost price and the discount offered on its marked price is 1%, then which of the following is correct? I. The ratio of its cost price to the marked price is 3 ∶ 7 II. The ratio of its cost price to the selling price is 50 ∶ 77 III. The ratio of its marked price to the cost price is 14 ∶ 9
Information: Given below in statement of Quantity 1, Quantity 2. What is the relation between Quantity 1, Quantity 2 Quantity 1: Ram daily go for morning walk and two round of circular path in same park. On Monday he walk 3 km/hr. and complete his walk 4 minute earlier, and on Tuesday he walk 2 km/hr. and complete his walk 6 minute later, find circular path of park (in meter) Quantity 2: Puneet cycling for cover certain distance without stoppage with speed of 5 km/hr. and he cover same distance in same time with taking rest with speed of 6 km/hr. how many second he stop every hour?