After the USA introduces a tariff in the market for gigastraps, the price of gigastraps in the USA will:A. decrease. B. increase. C. remain the same. D. change in an indeterminate manner.

increase

Explanation:

A tariff is a tax that is imposed by the government of a particular country on imported goods brought into the country from other countries. A tariff is usually used to protect the infant industry of the domestic economy.

Since USA introduces a tariff in the market for gigastraps, the price of gigastraps in the USA will increase. The tariff will bring about an increase in cost on the part of the producers of gigastraps which will in turn, lead to a rise in the price of gigastraps in USA.

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