Japan imports crayons into its country; they are a price taker in this market. Suppose the world price of crayons is $5. If Japan imposes a $1 tariff on crayons, what would be the domestic price of crayons and what will happen to the quantity bought? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. The quantity bought will increase and the price will be $6. a b The quantity bought will fall and the price will be $6. The quantity bought will fall and the price will be $4. d The quantity bought will increase and the price will be $4.

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