Trade restrictions limit choices for consumers but have no effect on the prices charged for the products.

Name: Trade restrictions limit choices for consumers but have no effect on the prices charged for the products.
Brand: Quizplus
Rating: 4.7 (31 reviews)

Question

Quizplus · Accepted Answer

Trade restrictions can affect prices by decreasing the supply of available goods and increasing production costs. Additionally, by limiting competition, industries may be able to charge higher prices for their products.

Trade Restrictions Limit Choices for Consumers but Have No Effect