Related to the Economics in Practice on p. 349: The French economy would most likely have to pay higher prices for candles if the candle makers in the petition

Question

Quizplus · Accepted Answer

If the candle makers in the petition were able to gain protection for their industry, it would mean that the French government would impose trade barriers (such as tariffs or quotas) on imported candles, making them more expensive for consumers. This would allow the domestic candle makers to raise their prices without the threat of foreign competition, leading to higher prices for candles in France.

Related to the Economics in Practice on P