A tariff increases the quantity of imports and moves the market farther from its equilibrium without trade.

Name: A tariff increases the quantity of imports and moves the market farther from its equilibrium without trade.
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Question

Quizplus · Accepted Answer

A tariff typically decreases the quantity of imports by making imported goods more expensive, thereby moving the market closer to its equilibrium without trade by protecting domestic industries.

A Tariff Increases the Quantity of Imports and Moves the Market