Which of the following will result from the imposition of an import tariff on a commodity?

Question

a. The supply of the commodity will increase.

b. The price of the commodity will increase.

c. Domestic production of the commodity will increase.

d. All of the above will result from an import tariff.

Ramesh Sehgal · Answer

Answer is b

Due to increased tariff:

Supply will decrease as there will be lower demand

Price will increase due to higher cost

Domestic production may and may not increase depending on capacity of buyer country to produce domestically

All answers cannot be correct.

So answer is B

Shakeel Ahmad · Answer

The price of the commodity will increase

Emad Mohammed said abdalla · Answer

Yaqoub Alomar · Answer

Option A

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Mohammed Haseeb Musba · Answer

B and C.

Due to Impose of Tariff, Price will Increase and Due to Price increase Domestic Production will increase.

Ahmed Mohamed Ayesh Sarkhi · Answer

My Answer IS Option " A " .

Gayasuddin Mohammed · Answer

********I think the answer is b. The price of the commodity will increase. ***************

Ismael Hamad · Answer

My choice is..............a.........

khaled elkholy · Answer

agree with all experts.............................................................

Salvatore Augello · Answer

that's A _______________________________

Khaled Anwar · Answer

the answer is : Option ( A )