Identify if the following actions will raise or lower the cost of AJ’s watch. A new tariff on imported smartwatch batteries. Lower Raise
Identify if the following actions will raise or lower the cost of AJ’s watch. A new tariff on imported smartwatch batteries
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The new tariff on imported smartwatch batteries will raise the cost of AJ’s watch.
Explanation: A tariff is a tax imposed on imported goods, which increases the overall cost of those goods. If smartwatch batteries, which are essential for the function of AJ’s watch, become more expensive due to the tariff, this cost will likely be passed on to consumers, leading to a higher price for the watch.