Refer to the figure below to answer the following questions.
The figure shows the market for shirts in Canada, where D is the domestic demand curve and S is the domestic supply curve.world price is $20 per shirt.Canada imposes a tariff on imported shirts of $4 per shirt.
Figure 15.3.1
-Refer to Figure 15.3.1.The tariff _______ Canada's imports of shirts by _______ million shirts per year.

Question

Refer to the figure below to answer the following questions.
  The figure shows the market for shirts in Canada, where D is the domestic demand curve and S is the domestic supply curve.world price is $20 per shirt.Canada imposes a tariff on imported shirts of $4 per shirt.
Figure 15.3.1
-Refer to Figure 15.3.1.The tariff _______ Canada's imports of shirts by _______ million shirts per year.

Quizplus · Accepted Answer

A tariff typically decreases imports by making foreign goods more expensive, thus reducing the quantity imported.

Refer to the Figure Below to Answer the Following Questions