Economy, asked by sanianaik, 17 days ago

What will happen if a tax is imposed on the import of a commodity?​

Answers

Answered by ranismita222
2

Tariffs are used to restrict imports. Simply put, they increase the price of goods and services purchased from another country, making them less attractive to domestic consumers. If the domestic consumer still chooses the imported product then the tariff has essentially raised the cost for the domestic consumer.

Answered by boomlionet
0

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