If a government imposes a quota on imports of a popular doll, the price of the doll in the country will and the quantity purchased in the country will .
A) rise; increase
B) fall; decrease
C) rise; decrease
D) fall; increase
Correct Answer:
Verified
Q66: A tariff is
A) a government imposed limit
Q82: A key difference between tariffs and quotas
Q83: The effect of an import quota is
Q84: An import quota specifies the
A) maximum quantity
Q85: Import quotas _ the price of imported
Q88: Tariffs _ the domestic price of the
Q89: An import quota specifies the
A) maximum amount
Q90: Import quotas
A) are a tax on an
Q91: A key difference between a quota and
Q92: An import quota is a
A) law that
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