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Suppose the world price of a shirt is $10. If the United States imposes a tariff of $5 a shirt, then the price of a shirt in the__________.

Respuesta :

Answer:

$15

Explanation:

Given that,  

The world price of a shirt = $10

Tariff imposed = $5

By considering the above information, the price of a shirt would be

=  World price of a shirt + Tariff imposed

= $10 + $5

= $15

The price of a shirt in the United States increased to $15

Simply we added the price of a shirt and the tariff which is imposed

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