Import bans, import quotas, voluntary export restraints, and tariffs on goods all:

Name: Import bans, import quotas, voluntary export restraints, and tariffs on goods all:
Brand: Quizplus
Rating: 4.7 (54 reviews)

Question

Quizplus · Accepted Answer

All of these measures restrict the amount of goods that can enter a market, causing a decrease in equilibrium quantity. Additionally, they increase the cost of importing goods, which leads to an increase in prices. Therefore, the correct answer is "C) decrease equilibrium quantities, but increase prices."

Import Bans, Import Quotas, Voluntary Export Restraints, and Tariffs on Goods