Tariffs on imported sugar will result in:

Question

Quizplus · Accepted Answer

Tariffs on imported sugar make it more expensive for domestic producers to bring in sugar from other countries. This decrease in supply causes domestic sugar prices to increase. This benefits domestic sugar producers by giving them a competitive advantage as consumers are more likely to buy their sugar instead of the more expensive imported sugar. However, it does not benefit foreign sugar producers or domestic cookie producers.

Tariffs on Imported Sugar Will Result In