An import tariff will cause the relative demand for to and the relative supply for to .
A)imports; decrease; imports; increase
B)exports; increase; imports; decrease
C)exports; decrease; exports; increase
D)exports; increase; exports; decrease
E)imports; increase; imports; decrease

Question

Quizplus · Accepted Answer

An import tariff makes imported goods more expensive, reducing their demand (decrease), while domestic producers may increase supply to fill the gap left by reduced imports (increase).

An Import Tariff Will Cause the Relative Demand for to and the Relative