Once import quota is levied on a commodity, the domestic price of the commodity
A)Fluctuates
B)Remains constant
C)Decreases
D)Rises

Name: Once import quota is levied on a commodity, the domestic price of the commodity A)Fluctuates B)Remains constant C)Decreases D)Rises
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Question

Quizplus · Accepted Answer

An import quota restricts the quantity of a commodity that can be imported, reducing the supply of that commodity in the domestic market. This typically leads to an increase in the domestic price of the commodity.

Once Import Quota Is Levied on a Commodity, the Domestic