-The introduction of a tariff would raise the price from: A) P_w to P_t. B) P_t to P. C) P_w to P. D) Pto zero. E) None of the above

Question

Quizplus · Accepted Answer

The introduction of a tariff on imported goods typically increases the domestic price of those goods. The notation "P_w to P_t" suggests a change from a world price without a tariff (w) to a price with a tariff (t), indicating an increase in price due to the tariff.

-The Introduction of a Tariff Would Raise the Price From