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neonofarm [45]
3 years ago
13

Which type of goods becomes more expensive as a result of tariffs

Social Studies
1 answer:
tigry1 [53]3 years ago
5 0
Imported goods.
Explanation:
Tariffs increase the prices of imported goods. Because the price has increased, more domestic companies are willing to produce the good, so Qd moves right. This also shifts Qw left. The overall effect is a reduction in imports, increased domestic production, and higher consumer prices.
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