Asked by Jackson Boone on Jul 11, 2024

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A tariff on French perfume will ____ the price of perfume in the U.S.and ____ the quantity purchased.

Tariff

A tax imposed by a government on goods and services imported from other countries, often used to protect domestic industries.

Perfume

A fragrant liquid typically made from essential oils or aroma compounds, used to give a pleasant scent to a person's body.

Quantity

signifies the amount or number of a material or immaterial good considered as a unit or total.

  • Understand the effects of a tariff on the price and quantity of imported goods.
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Nashali Velez MartinezJul 15, 2024
Final Answer :
raise;lower