Multiple Choice
Which of the following is an impact of tariffs on the country imposing them?
A) The domestic producers of import-competing products are forced to charge a lower price for their products to retain market share.
B) The supply of the domestic import-competing products declines.
C) The domestic consumers pay a higher price for the imported products.
D) The demand for the imported goods by the domestic consumers increases.
Correct Answer:

Verified
Correct Answer:
Verified
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