22.1k views
1 vote
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__________.

User Bhuvin
by
4.8k points

1 Answer

4 votes

Answer:

$15

Step-by-step 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

User Bruno Quaresma
by
4.6k points