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Photo: Tariff on foreign imports

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Description: A tariff on imported automobiles raises the price and quantity supplied by American firms, decreases the quantity demanded, and reduces output by foreign car makers. DWL occurs, tariff revenue is collected.

Albums: Macroeconomics Graphs

http://static.wetpaint.com/img/bg/1.png welkerjason	Title: Tariff on foreign imports Photo added by welkerjason, Apr 16 2008, 8:14 AM EDT , and last updated by welkerjason, May 14 2008, 3:35 AM EDT Keyword tags: None

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