When a tariff is imposed on a good,the ________ increases.
A) domestic quantity purchased
B) domestic quantity produced
C) quantity imported
D) quantity exported
E) world price

Question

Quizplus · Accepted Answer

When a tariff is imposed on a good, it makes imported goods more expensive, which typically leads to an increase in domestic production as consumers turn to locally produced alternatives. This is because the tariff acts as a tax on imports, raising their prices and making domestic goods more competitive in comparison.

When a Tariff Is Imposed on a Good,the ________ Increases