If a small country imposes a tariff,then
A)the government revenue must suffer a loss.
B)the world price on that item will shift.
C)the consumers must suffer a loss.
D)the demand curve must shift to the left.
E)the producers must suffer a loss.

Question

Quizplus · Accepted Answer

When a small country imposes a tariff, it raises the price of imported goods, leading to a loss for consumers who now have to pay higher prices.

If a Small Country Imposes a Tariff,then