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  • 17-11-2021
  • Business
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what likely effect will a new tariff have on the price of an imported product

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brainliestanswerer
brainliestanswerer brainliestanswerer
  • 17-11-2021

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Tariffs increase the prices of imported goods. Because of this, domestic producers are not forced to reduce their prices from increased competition, and domestic consumers are left paying higher prices as a result.

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