Referring to the previous question,what will happen to the equilibrium price and quantity of cars?

Question

Quizplus · Accepted Answer

The tariff on imported cars will decrease the supply of cars in the domestic market, leading to a shortage. As a result, the equilibrium price will increase and the equilibrium quantity will decrease. Domestic producers may increase their supply, but it is unlikely that they will immediately replace the volume of imports, leading to a long-term depletion of the market. Therefore, option B is the best answer.

Referring to the Previous Question,what Will Happen to the Equilibrium