When an imported good has restrictions placed on it that limits the amount that can be imported and as a result the price of the good increases, the demand curve for that good will
A)shift rightward.
B)shift leftward.
C)become steeper.
D)be unaffected.

Question

Quizplus · Accepted Answer

The demand curve itself will be unaffected by the import restrictions. The restrictions affect the supply side, leading to a higher price, but the demand curve remains in the same position.

When an Imported Good Has Restrictions Placed on It That