A tariff imposed by Australia on Japanese cars _______ the price of cars in Australia and _______ the quantity of Japanese cars imported into Australia.

Question

Quizplus · Accepted Answer

A tariff on imported goods generally increases the cost of those goods in the importing country, leading to higher prices for consumers. Additionally, as the price increases, the quantity of imported goods, in this case, Japanese cars, typically decreases due to lower demand at the higher price.

A Tariff Imposed by Australia on Japanese Cars _______ the Price