suppose that a tariff is imposed on imported cheese. this will have the effect of the price of cheese, consumers' surplus, and producers' surplus.

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19-12-2022
Business

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suppose that a tariff is imposed on imported cheese. this will have the effect of the price of cheese, consumers' surplus, and producers' surplus.

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varikuppalarajarajes varikuppalarajarajes · Answer 1 · 2022-12-21T13:18:23-05:00

Suppose that a tariff is imposed on imported cheese. This will have the effect of increasing the price of cheese, decreasing consumers' surplus, and increasing producers' surplus.

Customs obligations on merchandise imports are known as tariffs. Price lists give a fee gain to regionally-produced items over comparable items which can be imported, and they raise sales for governments.

A tariff is a tax imposed via a government on goods and services imported from other international locations that serve to increase the price and make imports less ideal, or at least less competitive, as opposed to home goods and offerings.

Learn more about tariffs here: https://brainly.com/question/26923792

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