Which of the following will not result from the imposition of an import tariff on a commodity?

Question

Quizplus · Accepted Answer

An import tariff typically makes imported goods more expensive, which can lead to an increase in the price of the commodity and stimulate domestic production as local goods become more competitive. However, the supply of the commodity, in terms of imported goods, is likely to decrease rather than increase because the tariff makes imports more expensive and less attractive to consumers.

Which of the Following Will Not Result from the Imposition