Import quotas _ the price of imported goods and _ the quantity consumed in the nation imposing the quota.

Name: Import quotas _ the price of imported goods and _ the quantity consumed in the nation imposing the quota.
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Question

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Import quotas restrict the quantity of imported goods, which increases their price. As a result, consumers will either decrease their consumption or switch to other goods, leading to a decrease in overall consumption.

Import Quotas _ the Price of Imported Goods and _