Imposing a tariff on a good leads to a ________ in the price of the product and ________ in imports.

Name: Imposing a tariff on a good leads to a ________ in the price of the product and ________ in imports.
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Tariffs are taxes on imported goods. When a tariff is imposed, the cost of importing these goods increases, leading to a rise in the price of the product in the domestic market. As the price increases, consumers are likely to buy less of the imported good, resulting in a decrease in imports.

Imposing a Tariff on a Good Leads to a ________