A group of companies in India wishes to import high-quality AC's from South Korea but have to pay a huge import tax on them which would make the AC's very expensive leading to a decline in their sale. -SST 10th

A group of companies in India wishes to import high-quality AC's from South Korea but have to pay a huge import tax on them which would make the AC's very expensive leading to a decline in their sale. -SST 10th
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1 Answer

Answer :

The import tax in the mentioned situation is acting as a trade barrier.
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