When a tariff is imposed on imported goods, the domestic price of those goods typically _______ , leading to a decrease in consumer surplus and an increase in producer surplus.

When a tariff is imposed on imported goods, it raises the price of those goods in the domestic market. This happens because the tariff is a tax added to the cost of imports, making them more expensive for consumers. As a result, consumers may buy less of these imported goods since they cost more, which leads to a decrease in consumer surplus, meaning consumers get less benefit from their purchases. On the other hand, domestic producers benefit from the higher prices because they can sell their goods for more, leading to an increase in producer surplus. For example, if a country imposes a tariff on imported oranges, the price of oranges will go up, making it harder for consumers to buy them while local orange growers may earn more money.