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25 June, 20:05

If a nation imposes a tariff on an imported product, then the nation will experience a (n) select one:

a. decrease in total supply and an increase in the price of the product.

b. decrease in demand and a decrease in the price of the product.

c. decrease in supply of, and an increase in demand for, the product.

d. increase in supply of, and a decrease in demand for, the product.

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Answers (1)
  1. 25 June, 20:22
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    A. decrease in total supply and an increase in the price of the priduct.
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