The decline in export demand for a country targeted by tariffs depends on the price elasticity of demand, which measures how much consumers adjust their purchases of imports in response to higher prices.

Authors

• Person: Not available Organization: Oxford Economics
  Tariffs 101: What are they and how do they work? - Oxford Economics

Sources

• Tariffs 101: What are they and how do they work? - Oxford Economics www.oxfordeconomics.com Oxford Economics via serper

Referenced by nodes (1)

• tariff concept