If Australia imports medicines, then the quantity of medicines produced in Australia will ________ and the quantity of medicines purchased by consumers in Australia will ________.

Question

Quizplus · Accepted Answer

When Australia imports medicines, the domestic production is likely to decrease due to competition from imported goods. However, the overall quantity of medicines available to Australian consumers will increase because of the added supply from imports.

If Australia Imports Medicines, Then the Quantity of Medicines Produced