As a result of importing a good, domestic consumers ________ the quantity consumed and the price of the good ________.

Question

Quizplus · Accepted Answer

When a country imports a good, it typically allows domestic consumers access to more of that good at a lower price than would be available domestically due to increased supply. This leads to an increase in the quantity consumed and a decrease in the price of the good.

As a Result of Importing a Good, Domestic Consumers ________