Ultimately, quotas ________ prices for imported goods and ________ prices for domestic goods.

Name: Ultimately, quotas ________ prices for imported goods and ________ prices for domestic goods.
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Question

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Quotas limit the quantity of goods that can be imported, which reduces the supply of imported goods relative to demand, leading to higher prices for these goods. This reduced competition from imports can allow domestic producers to charge higher prices, thus raising prices for domestic goods as well.

Ultimately, Quotas ________ Prices for Imported Goods and ________ Prices

Ultimately, Quotas Prices for Imported Goods and Prices