The imposition of a tariff causes consumption to _________ and imports to ________.

Name: The imposition of a tariff causes consumption to _________ and imports to ________.
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Question

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A tariff on imports makes foreign goods more expensive, leading to a decrease in consumption of these goods. Additionally, because the goods are more expensive, imports fall as domestic consumers buy less of them.

The Imposition of a Tariff Causes Consumption to _________ and Imports