As a result of this government action,we would expect that the price of glass produced by Crystal would
A) fall steeply.
B) fall slightly.
C) stay about the same.
D) rise.
E) do any of the above, since government action may either raise or lower costs.

Question

Quizplus · Accepted Answer

The government action of imposing a tariff on imported glass would increase the cost of imported glass. As a result, Crystal would be able to charge a higher price for their domestically produced glass, leading to the price of their glass rising.

As a Result of This Government Action,we Would Expect That