When a country decides to impose a tariff on a good they are already importing,we can expect the ________ to decrease and the price of the good to ________.

Question

Quizplus · Accepted Answer

Imposing a tariff on an imported good makes it more expensive for importers to bring the product into the country, which effectively reduces the supply of that good in the domestic market. As the supply decreases, the price of the good tends to increase due to the reduced availability and increased costs associated with the tariff.

When a Country Decides to Impose a Tariff on a Good