Tariffs and quotas do not have an affect on pricing strategies because these are government-instituted policies.

Question

Quizplus · Accepted Answer

Tariffs and quotas can have a significant impact on pricing strategies as they affect the cost of goods and services. Tariffs increase the cost of imported goods, which can lead to higher prices for consumers. Quotas limit the amount of imports, which can lead to increased demand for domestic goods and potentially higher prices. Companies may adjust their pricing strategies in response to these policies to remain competitive.

Tariffs and Quotas Do Not Have an Affect on Pricing