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 _________.

Question

Quizplus · Accepted Answer

By imposing a quota on imports, the supply of the doll in the country will decrease, leading to a shortage. When demand is greater than supply, the price of the doll will rise. Additionally, since there is a limit on how many dolls can be imported, the quantity purchased in the country will decrease.

If a Government Imposes a Quota on Imports of a Popular