A tariff on a product makes domestic sellers:

Name: A tariff on a product makes domestic sellers:
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Question

Quizplus · Accepted Answer

A tariff is a tax on imported goods, making them more expensive for domestic buyers. This encourages consumers to buy from domestic sellers, who are now able to charge a higher price due to the decreased competition. This means that domestic sellers are better off while domestic buyers are worse off.

A Tariff on a Product Makes Domestic Sellers