If the United States Imposes Tariffs on Steel Imports The

Multiple Choice

If the United States imposes tariffs on steel imports the:

A) demand for steel shifts to the left and lowers its market price.
B) supply of steel shifts to the right and lowers its market price.
C) supply of the imported steel shifts to the left and raises its market price.
D) demand for steel shifts to the left and raises its market price.