As a result of importing a good,domestic consumers ________ the quantity consumed and the price of the good ________.
A) increase; rises
B) increase; falls
C) decrease; rises
D) decrease; falls
E) increase; does not change

Question

Quizplus · Accepted Answer

When a country imports a good, domestic consumers typically have access to the good at a lower price due to the increased supply from abroad, which 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 ________ the Quantity