Tariffs and quotas lead to _____ prices of imported goods and _____ levels of imports.

Name: Tariffs and quotas lead to _____ prices of imported goods and _____ levels of imports.
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Question

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Tariffs and quotas increase the cost of imported goods, making them more expensive for consumers, which leads to a decrease in demand for those goods. This decreased demand leads to a decrease in imports. Therefore, tariffs and quotas lead to increased prices of imported goods and decreased levels of imports.

Tariffs and Quotas Lead to _____ Prices of Imported Goods