Which of the following will not be a consequence of an import tariff?

A. An increase in the price of the product in the domestic market

B. Reduced competitive pressure by foreign firms on the domestic producers

C. Increased level of supply in the domestic market

D. None of the above is correct.

Question

Business

Ishaan Peters

29 July, 15:49

Which of the following will not be a consequence of an import tariff?

A. An increase in the price of the product in the domestic market

B. Reduced competitive pressure by foreign firms on the domestic producers

C. Increased level of supply in the domestic market

D. None of the above is correct.

+2

Answers (1)

Know the Answer?

Destiney Moore · Answer 1

B. Reduced competitive pressure by foreign firms on the domestic producers

Explanation:

An import tariff is a protectionist measure that enables domestic producers to keep a major share of the national market and lower the competition with imports.

Which of the following will not be a consequence of an import tariff?A. An increase in the price of the product in the domestic marketB. Reduced competitive pressure by foreign firms on the domestic producersC. Increased level of supply in the domestic marketD. None of the above is correct.

Which of the following will not be a consequence of an import tariff?

A. An increase in the price of the product in the domestic market

B. Reduced competitive pressure by foreign firms on the domestic producers

C. Increased level of supply in the domestic market

D. None of the above is correct.