A tariff imposed on imported wine will cause the domestic ________ of wine to increase and the domestic ________ of wine to increase.

Question

Quizplus · Accepted Answer

A tariff on imported wine makes imported wine more expensive, leading to an increase in the domestic price of wine as the market adjusts. This higher price makes domestic production more competitive and profitable, encouraging an increase in domestic production of wine.

A Tariff Imposed on Imported Wine Will Cause the Domestic