Canada is a net importer of durable consumer goods (washing machines,refrigerators,etc.).If Canada,a small country in global markets,imposes a 15% tariff on these goods,it will cause

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When Canada imposes a 15% tariff on durable consumer goods, it will increase the price of these goods for Canadian consumers. This will lead to a reduction in the consumption of these goods in Canada, as consumers will look for cheaper alternatives or reduce their overall consumption. This will not result in a decrease in the price consumers pay for these goods in Canada, an increase in the quantity imported of these goods, or an upward shift in the demand curve for these goods. Additionally, while there may be a reduction in tariff revenue collected by the Canadian government in the long term, this is not the immediate effect of the tariff. Therefore, option B is the best choice.

Canada Is a Net Importer of Durable Consumer Goods (Washing