Suppose the Indian government puts a tax on the import of toys from China, what would happen?
Q. Suppose the Indian government puts a tax on the import of toys from China, what would happen?
A. Toys will get cheaper, more purchase by a consumer
B. No effect
C. Toys will get expensive, less purchase by a consumer
D. Toys wll get expensive, more purchase by a consumer
Answer: Toys will get expensive, less purchase by a consumer