Which of the following will not be a consequence of an import tariff?
A) An increase in the price of the product in the domestic market
B) Reduced competitive pressure by foreign firms on the domestic producers
C) Increased level of supply in the domestic market
D) None of the above is correct.

Question

Quizplus · Accepted Answer

An import tariff typically reduces the supply of imported goods, leading to higher prices and less competition, not an increased level of supply in the domestic market.

Which of the Following Will Not Be a Consequence of an Import