Question

HELP!! PLZ 20pts

7. If the U.S. increases the tariff on all peanuts by 15%, peanuts will be _____.

Select the best answer from the choices provided. A. cheaper in the U.S. B. more expensive in the U.S. C. more expensive outside the U.S. D. the same price in the U.S.

Answer 1

It would be B

Tariff in other words mean tax so if you increases the tax on peanuts by 15% it would make the peanuts more expensive.

Hope this helped