A tariff _____ the price received by domestic producers and _____ the price paid by domestic consumers.

Question

Quizplus · Accepted Answer

A tariff increases the price received by domestic producers because it makes imported goods more expensive, encouraging consumers to buy domestically produced goods. It also increases the price paid by domestic consumers because the cost of imported goods includes the tariff, making them more expensive.

A Tariff _____ the Price Received by Domestic Producers and _____

A Tariff _ the Price Received by Domestic Producers and _