When tariffs on imported products are removed by a nation, it will result in

A) higher prices and lower quantities consumed in that nation.
B) higher prices and higher quantities consumed in that nation.
C) lower prices and lower quantities consumed in that nation.
D) lower prices and higher quantities consumed in that nation.

When tariffs on imported products are removed by a nation, it leads to increased competition in the domestic market, which results in lower prices. When consumers have to pay lower prices for imported products, it incentivizes them to consume more of those products, leading to higher quantities consumed. Therefore, removing tariffs leads to lower prices and higher quantities consumed in that nation.