If a tariff is placed on a good,the domestic price of the good ________,domestic production of the good ________,and domestic consumption of the good ________.

Name: If a tariff is placed on a good,the domestic price of the good ________,domestic production of the good ________,and domestic consumption of the good ________.
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Question

Quizplus · Accepted Answer

A tariff increases the domestic price of a good, which encourages domestic production to increase and domestic consumption to decrease due to higher prices.

If a Tariff Is Placed on a Good,the Domestic Price