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.The world price is $20 per shirt.Canada imposes a tariff on imported shirts of $4 per shirt.
Figure 31.2.1
-Refer to Figure 31.2.1,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.The world price is $20 per shirt.Canada imposes a tariff on imported shirts of $4 per shirt.
Figure 31.2.1
-Refer to Figure 31.2.1,the tariff ________ Canada's imports of shirts by ________ million shirts per year.

Quizplus · Accepted Answer

The tariff increases the price of imported shirts, making them more expensive for Canadian consumers. This will lead to a decrease in the quantity of shirts imported into Canada.

Refer to the Figure Below to Answer the Following Questions