Tariffs and quotas on imported goods shift the
A)AS curve to the right.
B)AS curve to the left.
C)AD curve to the right.

Name: Tariffs and quotas on imported goods shift the A)AS curve to the right. B)AS curve to the left. C)AD curve to the right.
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Question

Quizplus · Accepted Answer

Tariffs and quotas on imported goods increase the cost of imported goods, which decreases the supply of imported goods and shifts the AS curve to the left. This results in higher prices and a decrease in the quantity of goods exchanged in the market.

Tariffs and Quotas on Imported Goods Shift the