If a tariff is placed on clocks, the price of both domestic and imported clocks will rise by the amount of the tariff.

Name: If a tariff is placed on clocks, the price of both domestic and imported clocks will rise by the amount of the tariff.
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Question

Quizplus · Accepted Answer

A tariff on clocks would increase the cost of importing clocks, causing the price of both domestic and imported clocks to increase by the amount of the tariff.

If a Tariff Is Placed on Clocks, the Price of Both