The given statement "Tariffs artificially lowerpricesand therefore lower demand" is A. TrueExplanation:Tariffsare also known as customs duties, which are levied by the government on imported goods. The government sets tariffs to discourage the import of goods by making them expensive. Tariffs can artificially lower the prices of imported goods, but not for all products. When tariffs are levied on foreign products, their prices increase, and this encourages domestic manufacturers to produce the same goods. This leads to a decrease in the demand for imported goods, as people start to buy local goods instead.Tariffs have many effects on the economy, including protecting domestic industries, raising revenue for the government, and reducing imports. Tariffs can also increase the prices of goods, making them less affordable forconsumers. Therefore, it is not always true that tariffs artificially lower prices and decrease demand. It depends on the particular product and the market conditions.In conclusion, tariffs can affect prices and demand in different ways depending on various factors such as the product,marketconditions, and the government policies. Therefore, the given statement that "Tariffs artificially lower prices and therefore lower demand" is not always true.For more such questions onpricesbrainly.com/question/26075805#SPJ11...

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