Restricting imports tends to
A)shift the demand curve for the product to the left.
B)shift the demand curve for the product to the right.
C)change the shape of the supply curve.
D)increase the quantity supplied of a product.

Question

Quizplus · Accepted Answer

Restricting imports affects the supply side of the market by reducing the availability of the product, which can change the shape of the supply curve, typically making it steeper or shifting it to the left, indicating a decrease in supply. This does not directly shift the demand curve nor necessarily increase the quantity supplied of a product.

Restricting Imports Tends to