Suppose the country of Mooland imposes tariffs on imported beef from the country of Aqualand.As a result of the tariffs,the
A)price of beef in Mooland falls.
B)quantity of beef exported by Mooland increases.
C)quantity of beef imported by Mooland decreases.
D)quantity of beef imported by Mooland increases.
E)price of beef in Mooland does not change.

Question

Quizplus · Accepted Answer

Tariffs increase the price of imported goods, making them more expensive compared to domestic goods. This leads to a decrease in quantity demanded of imported goods, in this case, beef from Aqualand. Therefore, the quantity of beef imported by Mooland decreases.

Suppose the Country of Mooland Imposes Tariffs on Imported Beef